Jenkins Farm had sales of $150,000, a CM of $60,000, and fixed expenses of $40,000. What is the company's margin of safety in sales dollars and as a percentage? $60,000; 40% $30,000; 20% $50,000; 33% $40,000; 27% For the following information, use the contribution margin income statement formula to determine the net operating income: Contribution Margin Sales Fixed costs Variable costs $18,000 $40,000 $ 6,000 $22,000 $12,000 $15,000 $4,000 $18,000