Question 1 Tak Lakoo sells only one product. The statement of comprehensive income for 2020 provided below. Sales Less variable expenses Contribution margin Less fixed expenses Net income RM 50,000 (30,000) 20,000 (12,500) 7,500 Required: Complete the statements below. Show relevant calculations. (a) Contribution margin ratio is % [5 marks] (b) Breakeven point in total sales ringgits is RM (5 marks) (c) To achieve RM40,000 in net income, sales must total RM (5 marks) (d) If sales increase by RM50,000, net income will increase by RM [5 marks) Question 2