Question 2 of 5 K > 15/20 Wildhorse sells T-shirts imprinted with high school names and logos. Last year the shirts sold for $25.00 each and variable costs were $9.00 per shirt. At this cost structure, the breakeven point was 27,000 shirts. However the company actually earned $21,600 in net income This year, the company is increasing its price to $27 per shirt. Variable costs pershirt will increase by 2094, and fixed expenses will increase by $37.800. The tax rate will remain at 406 Your answer is correct. Prepare a contribution format income statement for last year. (Round perunit computations to 2 decimal places, eg: 0.38) Wildhorse Contribution Income Statement Total Perunit Sales 731250 Variable Eerses 263250 1 Corrbution Margin 468000 5 Fhed Epenses 432000 36000 1 23608 Textbook and Media Attempts: unlimited (61) Your answer is correct. Calculate the contribution margin per unit for this year. (Round Contribution margin per unit co 2 decimal places, eg, 38) Contribution margin per unit S 15120 eTextbook and Media Attempts unlimited (b2 Your answer is correct How many T-shirts must the company sell this year to break even(Use the rounded contribution margin per unit cocolated in the previous part to calculate Breakeven units. Round Breakeven units to u decimal places as o T-shirts eTextbook and Media How many T-shirts must the company sell this year to break even? (Use the rounded contribution margin per unit calculated in the previous part to calculate Breakeven units, Round Breakeven units to decimal places, ag, 25.000) 29000 T-shirts e Textbook and Media Attempts: unlimited (c) x Your answer is incorrect How many T-shirts must the company sell this year in order to earn $58,320 in net income use the rounded contribution margin per unit calculated in the previous pant to calculate Target Sales units, Round Target Sales unitetimal place 225.000 43669 T-shirts eletbook and Media Attempts un miced Sun Anne