Question 9 The operating results for Vinyl Ltd in 2017 are as follows: Sales $500,000 530030 Less: Variable costs $200,000 370 2000 Contribution margin $300,000 CM 33000 18ooo) Less: Fixed costs $180,000 Net Profit $120,000 In 2018, both variable costs and sales are expected to increase by 10%. What sales revenue must be earned in 2017 to breakeven, fixed costs remain constant? A. $200,000 B. $300,000 C. $500,000