In November, Acme Company sold 80,000 units at $15.00 each. Fixed cost amounted to $400,000 and variable cost are $6.00 per unit produced. Answer the following questions for Lance Company showing all your work and calculations: a. Prepare an Income Statement for November that shows the contribution margin. (2.5 marks) b. Compute the break-even point in both sales and units. Use formulas, do make another income statement. (5 Marks) C. Compute the margin of safety in sales $ round to the nearest dollar. (2.5 Marks)