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 Choose from any list or enter any number in the input fields and then continue to the next question, - X i Data Table royany Deauty Operating Income Statement, June 2020 10,000 Units sold Revenues $ 150,000 Cost of goods sold Variable manufacturing costs $ 70,000 28,165 Fixed manufacturing costs Total 98,165 51,835 Gross margin Operating costs Variable marketing costs $ 18,500 15,500 Fixed marketing and administrative costs Print Done - X Data Table Revenues $ 150,000 Cost of goods sold Variable manufacturing costs $ 70,000 28,165 Fixed manufacturing costs Total 98,165 51,835 Gross margin Operating costs Variable marketing costs $ 18,500 15,500 Fixed marketing and administrative costs 34,000 Total operating costs $ 17,835 Operating income Print Done Royalty Beauty manufactures and sells a face crearn to small specially stores in the greater Los Angeles area. Il presents the monthly operating income staternent shown here to George Lupe, a potential investor in the business. Help Mr. Lupe understand Royally Beauty's cost struclure. Click the icon to view the operating income statement.) Read the requirements. Requirement 2. Calculate the contribution margin percentage and breakeven point in units and revenues for June 2020 Begin by selecting the formula to calculate the contribution margin percentage. Then enter the amounts in the formula to calculate the percent. (Enter the percentage as a whole number.) = Contribution margin percentage Determine the formula for the breakeven point in units. Next, enter the amounts to calculate the breakeven point. (Enter the contribution margin per unit to two decimal places. X.XX.) Breakeven point in units units Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percentage as a whole number.) Determine the formula to calculate the breakeven point in revenues. Then, enter the amounts in the formula. (Enter the percentage as a whole number.) - Breakeven point in revenues % Requirement 3. What is the margin of safety (in units) for June 2020? Determine the formula to calculate the margin of safety in units. Then enter the amounts in the formula and calculate the margin of safety for June 2020. = Margin of safety = units Requirement 4. If sales in June were only 9,500 units and Royalty's tax rate is 30%, calculate its net income. Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 4. If sales in June were only 9,500 units and Royalty's tax rate is 30%, calculate its net income. Complete the table below to calculate Royalty's net income if sales were only 9,500 units and Royalty's tax rate is 30%. (Round the tax expense to the nearest whole number.) Less: Rectangular Ship Less: Choose from any list or enter any number in the input fields and then continue to the next