Spirit Rock Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $6.50 per carton of calendars, of the variable expense, 74% is cost of goods sold, while the remaining 26% relates to variable operating expenses. The company sells each carton of calendars for $16.50. Read the requirements Requirement 2. Compute the dollar amount of monthly sales Spirit Rock Calendars needs in order to eam $308,000 in operating income Begin by determining the formula Fixed expenses Target operating income) Contribution margin ratio = Target sales in dollars + {Round the contribution margin ratio to two decimal places.) The monthly sales needed to earn $308,000 in operating income is $ 2.300.000 Requirement 3. Prepare the company's contribution margin income statement for June for sales of 470,000 cartons of calendars. Spirit Rock Contribution Margin Income Statement Month Ended June 30 Choose from any list or enter any number in the input fields and then click Check