The following is Aykroyd Corporation's contribution format income statement for last month Sales $4,000,000 Less variable expenses 2,800,000 Contribution margin 1,200,000 Less fixed expenses Net income 720.000 $480,000 The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) What is the company's margin of safety in dollars? O $480,000 O $1,600,000 O $2,400,000 $3,520,000 The following is Aykroyd Corporation's contribution format income statement for last month Sales $4,000,000 Less variable expenses 2,800,000 Contribution margin 1,200,000 Less fixed expenses Net income 720.000 $480,000 The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data provided for the previous question) What is the company's margin of safety in dollars? O $480,000 O $1,600,000 O $2,400,000 $3,520,000