Presented here is the income statement for Big Sky Incorporated for the month of February:

Sales $ $61,500$

Cost of goods sold $53,000$

Gross profit $ $8,500$

Operating expenses $13,700$

Operating loss $ $(5,200)$

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is $16\%.$

Required:

Rearrange the preceding income statement to the contribution margin format.

If sales increase by $15\%,$ what will be the firm's operating income $($or loss$)?$

Calculate the amount of revenue required for Big Sky to break even.