Sunshine Bikes produces standard and premium bicycles. The standard bicycle is sold at $250 each, and the premium bicycle is sold at $400 each. The variable cost of making the standard bicycle is $150 each. It costs an extra $100 to make the premium bicycle. It takes 20 labor hours to produce 50 standard bicycles and 30 labor hours to produce 50 premium bicycles. There are 4,000 hours of labor time available for production each week. The maximum weekly sales for the standard and premium bicycles are 500 and 200 units, respectively. Fixed production costs total $600,000 per year. All selling costs are fixed.

Required: (a) Determine the optimal production level in number of units for each product. (b) Prepare an income statement for the company based on the optimal production level. (c) Calculate the break-even point in units for each type of bicycle.