Presented below income statement for Chauncey's farm for the month of April sales 110,000 Operating expenses 38,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin Cost of goods sold 57,000 operating income 15,000 ratio is 30 percent. a rearrange the above statement to the contribution margin format, b if sales increase by 20 percent, what wil the firms' operating income? c. Calculate the amount of revenue required for Chauncey's firm to break even A. I think there is some mistake in typing....should be like it has been determined that company's contribution margin is 30% , cost of goods sold is 57000 and operating income is 15000. Sales 110000 Less variable cost 77000 Contribution.@30%of sales 33000 B. If sales increased by 20% Then. Sales 1100001.2 = 132000 Less cost of goods sold 570001.2 = 68400 Gross income 63600 Less operating expenses 38000 Operating income 25600 C. Break even = fixed cost / contribution