Paragraph Question 4 (16 points) Ursula's Toy Manufacturing makes aluminum serving carts for use in their underwater submanne ndes During 2013, the following costs were incurred: PERCENT PERCEN AMOUNT FIXED VARIABL Direct material $440,000 100 Direct labor 90,000 100 70,000 100 Variable manufacturing overhead Fixed manufacturing overhead 800,000 100 Selling costs 950,000 45 55 Administration costs 570,000 85 15 Sales for 2014 totaled $3,164,000 and there were no beginning and ending inventones Required: ALL CALCULATIONS MUST BE SHOWN 1) Prepare a contribution income statement for the year ended December 31 2013 2) Determine the sales required to break even 3) Determine the sales required to make a $420,000 profit per year