Lucent Manufacturing Company makes a product that it sells for $64 per unit. The company incurs variable manufacturing costs of $23 per unit. Variable selling expenses are $11 per unit, annual fixed manufacturing costs are $180,000, and fixed selling and administrative costs are $231,000 per year. Required Determine the break-even point in units and dollars using each of the following approaches: a. Equation method. b. Contribution margin per unit. c. Prepare a contribution margin income statement for the break-even sales volume. ReferenceseBook & Resources WorksheetLearning Objective: 11-03 Prepare an income statement using the contribution margin approach. Difficulty: 2 MediumLearning Objective: 11-05 Determine the sales volume necessary to break even or to earn a desired profit. Check my work