Question 3 (15 Minutes, 13 Marks) Nontnem Forest For the month ended December 31,2017 ross Margi Geling 122.000 Total Operalting Exgenses Cost of Seling Expenses Admnstrativo Expenses 100% variable 50% variable 30% variable 0%Fixed Fired 70% Find Required: 1. Based on all the information given above, complete the flowing contributor, ncome Northern Forest Products Income Satement For the month ended December 31, 2017 Sales Less Variable Expenses Cost of Goods Sold Selling Expense Administrative Expense Total Variable Expense Contribution Margin Less Fixed Expenses Selling Expenses Administrative Expenses Net Income 2. From the above Income Statement, calculate the Contr bution Margin Ratio (CMR) Total Fixed Expenses Show all your calculations 3. Using the CM Ratio above, calculate the Break-even in Sales. Show all your calculations. 4. Calculate the margin of safety (MOS) in percentage terms Show all your calculaons Page 4 of e