Prepare a contribution margin format income statement; calculate breakeven point Presented here is the income statement for Fairchild Co. for March: 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 com- pany'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 con- struct an income statement to get your answer.) c. Calculate the amount of revenue required for Fairchild to break even