Instructions Head-First Company plans to sell 4,400 bicycle helmets at $72 each in the coming year. Variable cost is 56% of the sales price; contribution margin is 44% of the sales price. Total fixed cost equals $54,560 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation 2. Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars. 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 Total fixed cost Total variable cost Sales Revenue 1. Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation. $ Contribution Margin Income Statement 2. Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement Head-First Company Contribution Margin Income Statement At Break-Even Point 1 3 4 5