The Company Income Statement For the year ended 12/31/2020 $540 320 220 Net Sales (60 units) Cost of Goods Sold: Direct Materials $ 90 Direct Labor 120 Factory Overhead Variable 30 Fixed 80 Gross Profit Operating Expenses Selling Expenses Variable 60 Fixed 37 Administrative Expenses Variable 60 Fixed 33 Net Income 190 $ 30 During 2021, unit direct material costs will increase by 20% and unit direct labor costs will increase by 10%. Selling price and all other expenses are expected to remain stable. Ignore taxes in all calculations. Required: 1. Prepare a 2020 contribution format income statement. 2. Calculate the 2020 breakeven point in units and sales dollars. 3. Calculate the 2021 breakeven point in units and sales dollars. 4. Calculate the sales level (in units) that must be attained during 2021 to earn a net income of $1000