Korniakov Industries specializes in premium caviar. Last year's financial data is shown below: Sales (20,000 units) $ 500,000 (Variable Costs) (200,000) Contribution Margin 300,000 (Fixed Costs) (240,000) Net Income $ 60,000 Which of the following statements is false? 1. Breakeven is dollar is $400,000 2. If Sales increase 6% next period, net income should increase 60% 3. To earn a profit of $300,000, the company would need to sell 36,000 units of caviar 4. Contribution margin ratio is 20% Both Statement #2 and #4 O Statement #4 O None of the Statements are false Statement #3 O Statement #2 O Statement #1 O All of the Statements are false