Sandhill Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 60 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. Sales Direct materials Direct labor Manufacturing overhead-variable 420,000 Administrative expenses-fixed 99,000 Manufacturing overhead-fixed 110,000 $1,800,000 Selling expenses-variable 420,000 Selling expenses-fixed $87,000 61,000 400,000 Administrative expenses-variable 23,000 Prepare a CVPincome statement for 2020 based on management's estimates. SANDHILL COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 Calculate variable cost per bottle. [Round veriable cost per bottle to 3 decimal places. eg. 0.251. Variable cost per bottle $ eTextbook and Media Compute the break-even point in (1) units and (2) dollars. (Round answers to 0 decimal piaces, eg. 1,225.j (1) Compute the break-even point (2) Compute the break-even point units eTextbook and Media Compute the contribution margin ratio and the margin of safety ratio. Round variable cost per bottle to 3 decimal pisces, eg. 0.25 snd fnal answers to 0 decimal places Contribution margin ratio Margin of safety ratio eg 25%.J eTextbook and Media Determine the sales dollars required to earn net income of $ 190,000. (Round answer to O decimai places, e-g. 1.225. Required sales dollars $ eTextbook and Media