Jagswear Inc. earned operating income of $83,000during 2020. The company wants to earn operating income of $140,000during 2020. Its fixed costs are expected to be $61,460, and variable costs are expected to be30% of sales.

Determine the required sales to meet the target operating income during 2020.

Required sales$

enter the Required sales in dollars

Question Part Score

--/1

Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to part a.

Sales revenue$

Variable cost

Contribution margin

Fixed cost

Operating income$

enter a total amount