Part 4 of 6 3 points Required information [The following information applies to the questions displayed below.] Munoz Company makes and sells products with variable costs of $24 each. Munoz incurs annual fixed costs of $386,280. The current sales price is $98. Note: The requirements of this question are interdependent. For example, the $296,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. d. If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req D1 Req D2 If the sales price drops to $80 per unit, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) Sales Variable cost Contribution margin Fixed cost Net income MUNOZ COMPANY Income Statement 974,720 292,416 1,267,136 296,000 971,136 < Req D1 Req D2 >