Question 2:2 points) Al Israa, Inc., sells a single product. The company's most recent income statement is given below. Sales $60,000 Less variable expenses (36,000) Contribution margin 24,000 Less fixed expenses (15,000) Net income $ 7,500 Required: a. b. Contribution margin ratio is Breakeven point in total sales dollars is To achieve $40,000 in net income, sales must total d. If sales increase by $25,000, net income will increase by S (0.5points each)