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Kaline Company reports the following information on its 2020 income statement: 31000 Units Sales [$85 per unit) 53,145,000 Variable Costs [$22 per unit) 814,000 Contribution

Kaline Company reports the following information on its 2020 income statement:

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31000 Units Sales [$85 per unit) 53,145,000 Variable Costs [$22 per unit) 814,000 Contribution Margin {$63 per unit] 2,331,000 Fixed Costs 1,500,000 Net Income 831,000 Required [Show work and clearly label answers}: 1. Calculate the breakeven point in units [round to nearest unit]. 2. Calculate net income if sales increased by 15% and variable costs increased by $7 per unit. 3. Refer to the original information. Calculate the company's operating leverage [round to nearest tenth]. 4. Use the operating leverage formula to calculate the net income or loss for m Company if there was a 30% decrease in sales

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