The following income statement was drawn from the records of Jordan, a merchandising firm: JORDAN COMPANY Income Statement For the Year Ended December 31 Sales revenue (5,500 units x $166) Cost of goods sold (5,500 units * $86) Gross margin Sales commissions (10% of sales). Administrative salaries expense Advertising expense Depreciation expense Shipping and handling expenses (5,500 units $2) Net income $ 913,000 (473,000) 440,000 (91,300) (86,000) (38,000) (45,000) (11,000) $ 168,700 Required a. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Jordan will earn if sales increase by 20 percent. Complete this question by entering your answers in the tabs below. Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs $ 163 $ 90 $489,100 Required Determine the following: a. Contribution margin per unit. b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $102,200. d. Determine the margin of safety in units, sales dollars, and as a percentage. Complete this question by entering your answers in the tabs below. Req A to C Req D Determine the margin of safety in units, sales dollars, and as a percentage. (Round "Percentage" answer to 1 decimal place (i.e., 0.234 should be entered as 23.4).) Margin of safety Units Sales Percentage % Sales price per unit Variable cost per unit Total annual fixed manufacturing and operating costs $ 163 $ 90 $489,100 Required Determine the following: a. Contribution margin per unit. b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $102,200. d. Determine the margin of safety in units, sales dollars, and as a percentage. Complete this question by entering your answers in the tabs below. Req A to C Req D a. Contribution margin per unit. b. Number of units that Ender must sell to break even. c. Sales level in units that Ender must reach to earn a profit of $102,200. a. Contribution margin b. Break-even in units c. Sales in units per unit Req A to C Req D