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

Sales	$	83,500
Cost of goods sold		43,000
Gross profit	$	40,500
Operating expenses		30,500
Operating income	$	10,000

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 33%.

Required:

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

b. Calculate operating income if sales volume increases by 10%. (Do not round intermediate calculations.)

c. Calculate the amount of revenue required for Fairchild to break-even.

Break-even