Income Statement, Break-Even Units, Units to Earn Target Income Instructions Amount Descriptions Contribution Margin Income Statement Unit Calcul: Instructions Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440 Required: 1. Prepare an income statement for Khaling for last year 2. Calculate the break-even point in units. 3. Calculate the units that Khaling must sell to earn operating income of $11.480 this year. Income Statement, Break-Even Units, Units to Earn Target Income Instructions Amount Descriptions Contribution Margin Income Statem Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost Income Statement, Break-Even Units, Units to Earn Target Income Instructions Amount Descriptions Contribution Margin Income Statement Unit Calculations Contribution Margin Income Statement 1. Prepare an income statement for Khaling for last year. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. If a net loss is incurred, enter that amount as a negative number using a minus sign. Khaling Company Contribution Margin Income Statement For the Last Year Unit Calculations 2. Calculate the break even point in units. 3. Calculate the units that Khaling must sell to earn operating income of $11,480 this year