Khaling Company sold 26,300 units last year at $16.30 each. Variable cost was $11.50, and total fixed cost was $136,800 Required: 1. Prepare an income statement for Khaling for last year. 2. Calculate the break-even point in units. 3. Calculate the units that Khaling must sell to earn operating income of $8,640 this year. Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost 1. Prepare an income statement for Khaling for last year. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. If a net loss is incurred, enter that amount as a negative number using a minus sign. Khaling Company Contribution Margin Income Statement For the Last Year 2. Calculate the break-even point in units. 3. Calculate the units that Khaling must sell to earn operating income of $8,640 this year