Instructions Khaling Company sold 27,100 units last year at $15.70 each. Variable cost was $11.70, and total fixed cost was $110,000 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 $11,600 this year. 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 Khaling Company Contribution Margin Income Statement For the Last Year 1 2 alations 2. Calculate the break-even point in units. 2 3. Calculate the units that Khaling must sell to earn operating income of $11,600 this year. 3