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Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440. Required: 1. Prepare an income

Khaling Company sold 26,850 units last year at $15.80 each. Variable cost was $11.70, and total fixed cost was $116,440.
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 $11,480 this year.

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