RT. Marx and Company, a manufacturer of quality handmade walnut bows has had a steady growth in sales for the past 5 years. However, increased competition has led Mr Mars, the president, to be leve that an aggressive marketing campaign will be necessary next year to maintain the company's present growth. To prepare for next year's marketing campaign the company's controller has prepared and presented Mr. Marx with the following data for the cumem year, 2020: (Ch Read the crements Requirement 1. What is the projected net income for 2020? Using the equation method, select the basic form used to compute the argut net income for 2020. R F The relief 200 $ 89,000 Requirement 2. What is the breskeven point in unfor Targe 1- Determine the formula that is used to compune how many bowls are needed to break even then compuls the number of bowls needed. (Enter applicable values to the nearest cen, SX.XX. Fina $ 214,500 Contribution marg 18.50 Bows needed to break even 13,000 Requirement 3. Mr. Man has set the revenue target for 2021 at a level of $792,000 (or 24,000 bowls). He believes an additional marketing cost of $29,700 for advertising in 2021, with all other costs remaining constant will be necessary to attain the revenue target. What is the net income for 2021 If the additional $29,700 is spent and the revenue target is The target net income for 2021 $ Requirement 4. What is the braven point in reverse for 2021 if the additional $20,700 ia apent for advertising? (Do nel round any of your calculations.) The breakeven point in revenues for 20216 480.40 Requirement 5. If the additional $78,700 is spent, who are the required 20121 revenues for 7021 ne me neque 201701 net income? Requirements Using the bas formula determined in recurement 1, compute the required number of units first, then the required revenue. (Do not round any of The equinum 1. What is the projected not income for 20207 2. Whats the breakeven point in uns for 20207 3. Mr. Marx has set the revenue target for 2021 at a level of $782,000 (or 24.000 bowls). He bell markings of $2,700 for thing in 2121, with all cler costs remaining constant, will be necessary to attain the revenue target. What is the net income for 2021 if the additional 520,700 is spent and the revenue target is met? 4. What is the breakeven point in revenues for 2021 the additional $29,700 is spent for advertising? 5. If the scdloral $28.700 is spent what are the required 2021 revenues for 2021 net 2020? 8. As 2021 of 24,000 units, what maximum amount can be spent on advertising if a of 590,950? Data table (band) $ 3.00 Direct manufacturing labor 7.50 Versole verhead (manuschuring, marketing, distribution and umer) 5 6.00 16.50 Total variable cost per bowl Fixed co Manfring 18.000 198,500 Marketing, clair bution, and customer servic $ 214 5041 Italfo Selling pr $ 31.001 Expected sales 23,000 uns 5 709,000 Income tax rate 40%