Please make sure to complete all requirements of the question. Thank you.

P20-39A (similar to) 5 Question Help Toler Company sells flags with team lagos. Toler has fixed costs of $288,000 per year plus variable costs of $16.80 per flag. Each flag sells for $24.00. Read the requirements. Requirement 1. Use the equation approach to compute the number of flags Toler must sel each year to break even. First, select the formula to compute the required sales in units to break even. = Target profit Choose from any drop-down list and then click Check Answer. O parts 8 remaining Clear All Check Answer i Requirements 1. Use the equation approach to compute the number of flags Toler must sell each year to break even. 2. Use the contribution margin ratio approach to compute the dollar sales Toler needs to earn $14,400 in operating income for 2018. (Round the contribution margin ratio to two decimal places.) 3. Prepare Toler's contribution margin income statement for the year ended December 31, 2018, for sales of 36,000 flags. (Round your final answers up to the next whole number.) 4. The company is considering an expansion that will increase fixed costs by 40% and variable costs by $2.40 per flag. Compute the new breakeven point in units and in dollars. Should Toler undertake the expansion? Give your reasoning. (Round your final answers up to the next whole number.) Print Print Done Done