Prepare a contribution margin format income statement; calculate breakeven point Presented here is the 12.24 income statement for Fairchild Co. for March: LO 12-7, 12-8, 12- 9, 12-11 Sales... Cost of goods sold.. Gross profit... Operating expenses. Operating income. $100,000 54,000 $ 46,000 37,000 $ 9,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 30%. Required: a. Rearrange the preceding income statement to the contribution margin format b. Calculate operating income if sales volume increases by 10%. (Note: Do not construct an income statement to get your answer.) c. Calculate the amount of revenue required for Fairchild to break even. Probler VP analysis-what-if