Newton Cellular manufactures and sells the Top Line cellphone. For its 2022 business plan Newton has estimated the following: Selling price per cell phone $750 Variable cost per cell phone $450 Annual fixed costs - Total $180,000 Net loss (530,000) Required: a. Prepare a projected contribution type income statement based on the 2022 business plan. Newton Cellular Projected Income Statement for year ending Dec 31,2022 a) Compute the break-even in units and in sales dollars for 2022. b) How many units is Newton planning to sell in 2022? c) How many units need to be sold to earn $1,000,000 before tax? Variable cost as a % of sales 60% Annual fixed costs - Total $180,000 a) What is the contribution margin ratio? b) What is the break-even point in sales dollars? c) If the company is operating at a $100,000 loss what are the dollar sales? d) If the company is operating at a $120,000 profit what are the dollar sales? e) If sales increase by $50,000 by how much will profit increase (or loss decrease)