Part D: [Total Value - 5 Marks; 20 Minutes) The Contribution Income Statement for ABC Ltd. for the year ended December 31, 2020 is as follows (Ignore Income Tax): Sales Variable cost $800,000 $300,000 Contribution Margin $500,000 Fixed Costs $400,000 Net Income $100,000 For 2020, ABC sold 700,000 units. In January 2021, ABC produced and sold 10,000 units. ABC has budgeted 250,000 units for sale in 2021. Required: i) ii) What was the approximate Break-Even Point for ABC for 2020? (2 Points] What would have been the 2020 Break-Even Point if the 2020 Target Net Income had been $350,000? [1 Point} iii) Identify 2 things that ABC should have done to attain a Target Net Income for $350,000 for 2020? (2 Points]