Smith Company sells flags with team logos Smith has fixed costs of $350,000 per year plus variable costs of 5700 per flag Each flag sells for 510.00 Read the requirements Requirement 1. Use the equation approach to compute the number of flags Smith must sell each year to break even Fest select the formula to compute the required sales in units to break even Net sales revenue per unit Fixed costs Vatable costs Target proti Rearrange the formula you determined above and compute the required number of flags to break even The number of flags Smith must selleach year to break even is Requirement 2. Use the contribution margin ratio approach to compute the dollar sales Smith needs to earn $3,000 in operating income for 2015 (Round the contribution margin ratio tot Begin by showing the formula and then entering the amounts to calculate the required sales dollars to earn 53,000 in operating income. (Round the required sales in dollars up to the nearen Fixed costs Target profit CM ratio - Required sales in dollars Requirement 3. Prepare Smith's contribution margin Income statement for the year ended December 31, 2018, for sales of 111.000 flog (Round your finanswers up to the next whole nu Smith Company Contribution Margin income Statement Year Ended December 31, 2015 Operating income (Loss) Requirement. The company is considering an expansion that will increase fed costs by 203 and Variable costs by 5100 per flag Compute the new breakeven point in uns and indot Bogin by selecting the formula to compute the required in units to beak even under the expansion plan. Target profit Frage the formula you determined above and compute the requred rumber of flags to break even under the expanuon plan Linide the expansion plan, the teakeven point in units would be Under the expansion plan, the breakeven point in dollars would be Should Smith undertake the expansion? Give your reasoning Sem should only undertake the expansion espected profits from the expansion the expected costs Choose from any list or enter any number in the input fields and then continue to the next