Question 2 of 4 3.13/6.25 View Pu Show Attempt History Current Attempt in Progress Jennifer Davis owns and operates PharoahCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40 and feature an edible picture of the child, are shipped throughout the country. A typical month's results are as follows: Sales revenue Variable expenses Contribution margin Fixed expenses Operating income $780,000 585,000 195,000 108,000 $ 87,000 Question 2 of 4 3.13/6.25 Your answer is correct. How many cakes will Jennifer Davis have to sell if she wants to earn $140,000 in operating income each month? 24,800 cakes e Textbook and Media Assistance Used Attempts: 1 of 12 used (b) * Your answer is incorrect. Assuming a 20% tax rate, how many cakes will Jennifer Davis have to sell if she wants to earn $113,600 in net income each month? (Round answer to decimal places, eg. 5,275.) cakes