Presented here is the income statement for Big Shot, Inc., for the month of May:

Sales	$	61,500
Cost of goods sold		52,700
Gross profit	$	8,800
Operating expenses		14,300
Operating loss	$	(5,500	)

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 20%.

Required:

a. Rearrange the preceding income statement to the contribution margin format

	0
	$0

b. If sales increase by 15%, what will be the firm's operating income (or loss)? (Do not round intermediate calculations.)

c. Calculate the amount of revenue required for Big Shot, Inc., to break-even.

Break-even