Ivanhoe sells T-shirts imprinted with high school names and logos. Last year the shirts sold for $39.00 each, and variable costs were $26.40 per shirt. At this cost structure, the breakeven point was 20,000 shirts. However, the company actually earned $15,120 in net income. This year, the company is increasing its price to $42.00 per shirt. Variable costs per shirt will increase by one-third, and fixed expenses will increase by $30,900. The tax rate will remain at 40% Prepare a contribution format income statement for last year. (Round per unit computations to 2 decimal places, e.g.0.38.) Ivanhoe n Income Statement Contributio Total Per unit ales Variable Expenses Contribution Margin Fixed Expenses Operating Income Income Tax Net Income/(Loss) Calculate the contribution margin per unit for this year. (Round Contribution margin per unit to 2 decimal places, e.g. 0.38.) Contribution margin per unit How many T-shirts must the company sell this year to break even? (Use the rounded contribution margin per unit calculated in the previous part to calculate Breakeven units. Round Breakeven units to 0 decimal places, e.g. 25,000.) T-shirts How many T-shirts must the company sell this year in order to earn $28,980 in net income? (Use the rounded contribution margin per unit calculated in the previous part to calculate Target Sales units. Round Target Sales units to O decimal places,e.g. 25,000.) T-shirts