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Required information (The following information applies to the questions displayed below.] Jordan Company makes and sells products with variable costs of $24 each. Jordan incurs

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Required information (The following information applies to the questions displayed below.] Jordan Company makes and sells products with variable costs of $24 each. Jordan incurs annual fixed costs of $372,960. The current sales price is $96. Note: The requirements of this question are interdependent. For example, the $288,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. answers to nearest whole number.) JORDAN COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income (loss)

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