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Gordon's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $660,000 and a contribution margin of 95% of revenues. Read the requirements. Requirement 1. Compute Gordon's Steel Parts' monthly breakeven sales in dollars. Begin by identifying the formula. Contribution margin ratio = \begin{tabular}{c} Breakeven \\ sales in \\ dollars \end{tabular} Compute Gordon's Steel Parts' monthly breakeven sales in dollars. (Round your answer up to the nearest whole number.) The breakeven sales in dollars is Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $530,000 and if they are $1,030,000. First, select the labels to calculate projected operating income. Then, calculate projected income (or loss) if revenues are $530,000. Finally, calculate projected income (or loss) if revenues are $1,030,000. (Enter the contribution margin ratio as a whole percent. Enter losses with a minus sign or parentheses.)