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. Amount Descriptions Kh 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 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 a net loss i incurred, enter that amount as a negative number using a minus sign Score: 34/51 Khaling Company Contribution Margin Income Statement For the Last Year 1 Sales $42,570.00 1 Variable cost 317,070.00 Total contribution margin $108,400.00 4 Fixed cost 110,000.00 3 operating less $1,600.00 Unit Calculations Shaded cells have feedback. 1. ind 2. Calculate the break-even point in units. 27,5007 Points: 1/1 Feedback Check My Work 2 Break-Even Units - Total Fixed Cost/Contribution Margin per Unit 3. Calculate the units that Khaling must sell to earn operating income of $11,600 this year. 30,400 Points 1/1