[Note) To answer next 4 questions, refer to the following information (these same data will appear on each screen of the related question!): Cutlass Company sells a single product. The company's controller prepared the following budgeted income statement for the coming year: Total Sales $140,000 Less: Total variable cost 105.000 Contribution margin 35,000 Less: Total fixed cost 27.000 Operating Income $ 8.000 What level of sales revenue would have to be generated to earn a target profit of $16,000? O $200,000 O $280,000 O $124.000 O $172,000