Presented here is the income statement for Fairchild Co. for March:

Sales	$	83,000
Cost of goods sold		40,500
Gross profit	$	42,500
Operating expenses		32,000
Operating income	$	10,500

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 29%. Required:

1. Rearrange the preceding income statement to the contribution margin format.
2. Calculate operating income if sales volume increases by 9%.
3. Calculate the amount of revenue required for Fairchild to break even.

Complete this question by entering your answers in the tabs below. Required A Required B Required Rearrange the preceding income statement to the contribution margin format