The following monthly budgeted data are available for the Baxter Company: Sales Variable expenses as a percentage (%) of sales Traceable fixed expenses Product C $330,000 60% $42,900 Product $520,000 75% $78,000 The budgeted operating income for the month is $55,000. Required 1. Prepare a segmented income statement, using the contribution approach and proper format. (11 marks). Round percentages to 1 decimal, i.e. 1.5. Enter any losses as a negative number with a minus sign in front, i.e. -10. Total Company Amount % Product C Amount % Product Amount 22 23 2. Calculate the breakeven point in total sales dollars. (2 marks). Round to the nearest dollar following the proper rules for rounding breakeven. 24 25 6 7 3. If the sales of Product Cincrease and the sales of Product I decrease by the same dollar amount, what will be the impact on the breakeven point in total sales dollars? (2 marks) The breakeven point in total sales will Reason