Presented here is the income statement for Fairchild Co. for March: Sales Cost of goods sold Gross profit Operating expenses Operating income $83,000 42,000 $41,000 31,000 $10,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 27%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 8%. c. 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. Cost of goods sold Variable expenses Contribution margin Food expenses Operating income 0 S 0 Required Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 7, 8, 9, 11 Presented here is the income statement for Fairchild Co. for March: Salon Cost of goods nola Gross profit Operating expenses Operating income $83,000 42,000 $41,000 31,000 $10,000 Based on an analysis of cost behavior patterns, It has been determined that the company's contribution margin ratio is 27%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 8%. c. 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 C Calculate operating income il sales volume increases by 8%. (Do not round intermediate calculations.) Presented here is the income statement for Fairchild Co. for March: Sales Cont of goods sold Gross profit Operating expenses Operating income $83,000 42,000 $41,000 31,000 $10,000 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 27% Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 8% c. 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 C Calculate the amount of revenue required for Fairchild to break even. Book over