Roan Anderson is evaluating a business opportunity to sell grooming kits at dog shows. Roan can buy the grooming kits at a wholesale cost of $29 per set. He plans to sell the grooming kits for $84 per set. He estimates fixed costs, such as travel costs, booth rental cost, and lodging, to be $880 per dog show. Requirements 1. Determine the number of grooming kits Roan must sell per show to break even. Assume Roan wants to earn a profit of $1,320 per show. a. Determine the sales volume in units necessary to earn the desired profit. b. Determine the sales volume in dollars necessary to earn the desired profit. c. Using the contribution margin format, prepare an income statement (condensed version) to confirm your answers to Requirements (a) and (b). 3. Determine the margin of safety between the sales volume at the break-even point and the sales volume required to earn the desired profit. Determine the margin of safety in sales dollars, in units, and as a percentage. 2. Requirement 1. Determine the number of grooming kits Roan must sell per show to break even. Begin by identifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach. + = Break-even sales in units