Minnie Products Limited sells a single product. Daisy the manager of Minnie's has provided the following information for the year ended January 31, 2021 when the company sold 40,000 units. Selling price per unit Variable cost per unit Fixed cost per unit $ 25.00 $ 15.00 $ 9.50 Required: (a) Prepare a contribution format income statement for the year ended January 31, 2021. Include per unit & % columns (b) Calculate breakeven point both in terms of sales dollars and units. (c) Calculate the margin of safety in dollars & the degree of operating leverage (d) In an effort to try & Improve sales Daisy is considering the following options: 1. Daisy feels that they should make a higher quality product by using better materials. The new materials will increase the cost per unit by $2.00 but will increase their sales volume by 20%. They will also increase their fixed advertising costs by $5,000 to let customers know of the better quality 2. Mickey, the sales manager feels that if they decrease the selling price by 10% & increase advertising by $5,000 they will sell an additional 10,000 units Write a memo to Daisy telling her which option if any you would recommend. Show calculation to support your