The question is to prepare an estimated income statement for 20Y7 (Question 1). And then answer questions 2,3,4,5,&6.

1. Prepare an estimated income statement for 20Y7 Belmain Co Estimated Income Statement For the Year Ended December 31, 20Y7 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Cost of goods sold Gross profit Expenses: Selling expenses: Sales salaries and commissions Office and officers' salaries Travel Miscellaneous selling expense Total selling expenses Administrative expenses: Office and officers' salaries Supplies Miscellaneous administrative expense Total expenses Income from operations 2. What is the expected contribution margin ratio? Round to the nearest whole percent. X % 3. Determine the break-even sales in units and dollars. Units Dollars 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? units units 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars: Percentage: (Round to the nearest whole percent.) 6. Determine the operating leverage. Round to one decimal place