Jackson Inc. began business in 2020, and its sales in 2020 were 60,000 64-GB flash drives. The selling price per flash drive was $20. Variable cost per unit was $14. Annual fixed costs were $288,000

.1. Please use the format of a contribution margin income statement to calculate the contribution margin (in dollars), unit contribution, and contribution margin ratio for Jackson Inc. You can refer to Example 1 in the textbook. Total Per Unit Percentage Sales (xxx units) Less: Variable costs Contribution margin Less: Fixed costs Net income

2. What will be the break-even point in units and in dollars if we assume that Jackson Inc. sells this type of flash drive only?

3. How many units must the company sell to earn a pre-tax income of $1,500,000?

4. If the companys tax rate is 25 percent, how many flash drives must be sold to earn an after-tax profit of $1,800,000?

5. What is the companys margin of safety (in percent) based on the sales of 60,000 flash drives?

6. Assume that there is no change in fixed costs. What will be the expected net income if this company has the sales revenue of $2,500,000?