Sheridan Company bottles and distributes B-Lite it soft drink. The beverage is sold for 50 cents per 16 ounce bottle to retailers who chege customers 75 cents per bottle. For the year 2030, maragement estimates the folltwing revenues and costs Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-foxed 52.000.000 480.000 330.000 350.000 280.000 Selling expenses variable Selline peres-fod Administrative experies-wariable Administrative expenses-bed $212.000 50.000 28.000 90,000 Prepare a CVP income statement for 2020 based on management's estimates. SHERIDAN COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ $ >> > earch O Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, es. 0.251.) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, eg. 1.225.) units Compute the break-even point Compute the break-even point (2) $ e Textbook and Media Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, eg. 0.25 and final answers to decimal places, eg. 25%) Contribution margin ratio Margin of safety ratio 90 Determine the sales dollars required to earn net income of $150,000. (Round answer to decimal places, eg. 1.225.) Required sales dollars $ e Textbook and Media