The contribution margin income statement of First Choice Coffee for May follows: (Click the icon to view the contribution margin income statement.) First Choice Coffee sells three small coffees for every large coffee. A small coffee sells for $2.00, with a variable expense of $1.00. A large coffee sells for $6.00, with a variable expense of $3.00. Read the requirements. Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of expenses: variable and fixed. (Round intermediary calculations to the nearest cent.) The breakeven point is small cups and large cups of coffee. Requirements Data table First Choice Coffee Contribution Margin Income Statement Month Ended May 31 Sales revenue $ 82,000 Less variable expenses: Cost of goods sold Marketing expense General and administrative expense Contribution margin $ 31,000 7,000 3,000 41,000 $ 41,000 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of expenses: variable and fixed. 2. Compute the coffee shop's margin of safety in dollars. 3. Use the coffee shop's operating leverage factor (using the May contribution margin income statement) to determine its new operating income if sales volume increases 15%. Prove your results using the contribution margin income statement format. Assume that sales mix remains unchanged. Less fixed expenses: Print Done Marketing expense 17,850 General and administrative expense 3,150 21,000 $ 20,000 Operating income Print Done