Royalty Beauty manufactures and sells a face cream to small specialty stores in the greater Los Angeles area. It presents the monthly operating income statement shown here to George Lupe, a potential investor in the business. Help Mr. Lupe understand Royalty Beauty's cost structure. (Click the icon to view the operating income statement.) Read the requirements. Requirement 1. Recast the income statement to emphasize contribution margin. Royalty Cosmetics Operating Income Statement, June 2020 III Requirements 1. Recast the income statement to emphasize contribution margin. 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020. 3. What is the margin of safety (in units) for June 2020? 4. If sales in June were only 9,000 units and Royalty's tax rate is 30%, calculate its net income. Royalty Beauty Operating Income Statement, June 2020 10,000 Units sold Revenues $ 200,000 Cost of goods sold Variable manufacturing costs $ 65,000 32,900 Fixed manufacturing costs Total 97,900 102,100 Gross margin Operating costs Variable marketing costs 63,000 17,500 Fixed marketing and administrative costs 80,500 Total operating costs $ 21,600 Operating income