Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent

($ 8300), depreciation on office furniture (1600), utilities (2000),special telephone lines (1600)

a connection with an online brokerage service(2800), and the salary of a financial planner (11700)

Variable costs include payments to the financial planner (9%of revenue), advertising (11 %of revenue), supplies and postage (4%of revenue), and usage fees for the telephone lines and computerized brokerage service (6% of revenue)

Requirement 1. Use the contribution margin ratio approach to compute

Diversified's breakeven revenue in dollars. If the average trade leads to $ 800in revenue for Diversified, how many trades must be made to break even?

Begin by showing the formula and then entering the amounts to calculate the required sales dollars for

Diversified to break even.

fixed costs + target profit / CM ratio % =required sales in dollars

PLEASE show work!!