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Praveen Co$.$ manufact$$res and markets a number of rope products. Management is considering the future of Product $xT,$ a special rope for hang gliding, that has not been as profitable as planned. Since Product $xT$ is manufactured and marketed independently of the other products; its total costs can be precisely measured. Next year's plans call for a $$300$ selling price per $100$ yards of XT rope. Its fixed costs for the year are expected to be $$210,000,$ up to a maximum capacity of $550,000$ yards of rope. Forecasted variable costs are $$240$ per $100$ yards of XT rope.

$2.$ Prepare a contribution margin income statement showing sales, variable costs, and fixed costs for Product XT at the break$-$even point.

$\backslash$table$[[$PRAVEEN CO$.,],[$Contribution Margin Income Statement $($at Break$-$Even$)$ Pr$$duct XT$,,,,],[,,$Units,$ per unit,Total$],[,,,,],[,,,,],[,,,,],[,,,,]]$