The income statement for XYZ Company for 2010 appears below. XYZ COMPANY Income Statement For the Year Ended December 31, 2010 Sales (40,000 units)..... Variable expenses .. Contribution margin. Fixed expenses....... Net income (loss).. $1,000,000 700,000 300,000 360,000 $(_60.000 Instructions: a. What was the company's break-even point in sales dollars in 2010? (1 marks) b. How many additional units would the company have had to sell in 2011 in order to eam net income of $60,000? (1 marks) c. If the company is able to reduce variable costs by $2.50 per unit in 2011 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net income of $50,000