K College Rock Calendars imprints calendars with college names. The company has fixed expenses of $1,065,000 each month plus variable expenses of $3.50 pe carton of calendars. Of the variable expense. 75% is cost of goods sold, while the remaining 25% relates to variable operating expenses. The company sells eac carton of calendars for $13.50. Read the requirements. The breakeven sales is 106,500 cartons. Requirement 2. Compute the dollar amount of monthly sales College Rock Calendars needs in order to earn $304,000 in operating income. Begin by determining the formula. Fixed expenses +Target operating income +( Contribution margin ratio Target sales in dollars (Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $304,000 in operating income is $ 1,850,000 Requirement 3. Prepare the company's contribution margin income statement for June for sales of 490,000 cartons of calendars. College Rock Contribution Margin Income Statement Month Ended June 30