The Wong's Company manufactures a single product. The contribution income statement for January 2020 is given below: I I I cao Salese Less: Variable costs Contribution margin Less: Fixed costs Income before taxe $1,500,000 840,000. $ 660,000 280,000 $ 380,000 Instructions (A) Calculate the break-even point in terms of dollars and percentage. (4 marks) (B) If the target profit (Income before tax) is $750,000, how much the sales will be? (4 marks) (C) Calculate the margin of safety in terms of dollars and percentage. (4 marks) (D) Wong's Company plans to improve the quality of product. This will increase the variable costs by 5% and the fixed costs remain unchanged. The company expects that sales will therefore increase by 10%. Calculate the impact on the company's current profit? (4 marks) (E) If the Company has a profit tax rate of 40% and the Company wants to have $480,000 as After-tax profit, how much sales in terms of dollars have to be achieved? (4 marks)