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Soccer International, Inc., produces and sells soccer balls. Partial information from the income statement for the years 2016 and 2017 is given below. Soccer international,

Soccer International, Inc., produces and sells soccer balls. Partial information from the income statement for the years 2016 and 2017 is given below. Soccer international, Inc. Income Statement for the Year Ending December 31 2016 2017 Sales Revenue $560 000 616 000 Variable Costs 240 000 264 000 Fixed Costs 160 000 160 000 EBIT - - Interest Expense 40 000 40 000 EBT - - Income Tax (30%) - - Net Income - - Soccer International sells each soccer ball for $14. Fill in the missing values in the income statement of 2016 and 2017 Calculate Soccer Internationals breakeven point in sales units 2016 and 2017 Calculate the breakeven point in dollar sales for 2016 and 2017 How many soccer balls need to be sold to have an operating income of $200 000 in 2016? What is the operating profit (loss) if the company sells 18 000 and 24 000 balls in 2016? Calculate the DOL for the year 2016 and for 2017 If sales revenue is expected to increase by 10% in 2017, calculate the percentage increase in EBIT and the dollar amount of EBIT for 2017 Calculate the DFL for the year 2016 and for 2017 Calculate the percentage change in net income and the dollar amount of net income expected in 2017 Calculate the DCL for the year 2016 and for 2017 Assume Soccer International raises its selling price and that sales revenue increases to $650 000 in 2017. How much net income can be expected in 2017

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