P16-29. Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise provides sunset sightseeing tours of Alcatraz and the San Francisco Bay. Tickets cost $140 each. Assume 2,200 customers were served in July. Module 16 Cost-Volume-Profit Analysis and Planning Cambridge Business Publishers Variable Costs per Customer Fixed Costs per Month Admission fees . . . $60 Operations .. . . . . . . . . . . . . . . . . . . . .. $50,000 Overhead . . . . . . 25 Selling and administration ... . . . . . . . . 12,500 Hors d'oeuvres . . . . . . . . . . 15 Selling and administrative. . . IN . . . .. . Total . . $102 Total . $62,500 Jail and Sail is subject to an income tax rate of 21%. Required a. Prepare a contribution income statement for July. b. Determine Jail and Sail's monthly break-even point in units. c. Determine Jail and Sail's margin of safety in units for July. d. Determine the unit sales required for a monthly after-tax profit of $20,000. e. Prepare a cost-volume-profit graph. Label the horizontal axis in units with a maximum value of 4,000. Label the vertical in dollars with a maximum value of $600,000. Draw a vertical line on the graph for the current (2,200) unit level and label total variable costs, total fixed costs, and total before-tax profits at 2,200 units