Problem 2 LNR Inc. sell s two products; glasses and plates. They have provided us with the following information: Glasses Plates Total Sales Variable expenses Contribution margin Fixed expenses Net operating income 118,00059,000177,000 53,100 123,900 77,280 S 46,620 43,480 74,520 9,620 40,380 equired 1. Compute the overall contribution margin (CM) ratio for the company. 2. Compute the overall break-even point for the company in sales dollars. 3. In order to break-even, how much would sales revenue have to be for each of the two products? 4. Prepare a new contribution Income Statement showing the break-even in sales