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Melford 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

Melford 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 Melford for last year. 2. Calculate the break-even point in units. 3. Calculate the units that Melford must sell to earn operating income of $8,640 this year.

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