Presented here is the income statement for Big Shot Inc. for the month of May Sales Cost of goods sola Gross profit Operating expenses Operating loss 562,000 55,000 57,000 15,100 $(8.100) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin roto is 16% Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 10%, what will be the firm's operating income for loss)? c. Calculate the amount of revenue required for Big Shot to break even Complete this question by entering your answers in the tabs below. Required A Required Required Rearrange the preceding income statement to the contribution margin format O 0 Recured Presented here is the income statement for Big Shot Inc. for the month of May Sales Cost of goods sold Gross profit Operating expenses Operating loss $62,000 55,000 52, 15,100 ${8.100) 4:57 3 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 16% Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 10%, what will be the firm's operating income for loss? c. Calculate the amount of revenue required for Big Shot to break even int Complete this question by entering your answers in the tabs below. Required A Requited Required If sales increase by 10%, what will be the firm's operating income (or loss)? (Do not round intermediate calculations.) Required Required) Tufatio ebook Required: a. Rearrange the preceding income statement to the contribution margin format b. If sales increase by 10% what will be the firm's operating income for loss c. Calculate the amount of revenue required for Big Shot to break even Complete this question by entering your answers in the tabs below. References Required A Required Requedc Calculate the amount of revenue required for Big Shot to break even. Brank even