The following information pertains to Fun in the Sun, Inc., a beach ball manufacturer: In the coming year, Fun in the Sun plans to produce and sell 7,400 beach balls at a price of $28 each. Instructions for Project 3: 1. Prepare a CVP income statement. 2. Calculate the breakeven point in units and sales dollars. 3. Calculate the margin of safety. 4. Calculate the margin of safety ratio. 5. If Fun in the Sun wants to earn net income of $40,000, how many units must it sell