The year end income statement for Sophie Corporation is presented below. Sophie Corporation Income Statement For the Year Ended December 31, 2019 Sales (560 units) 536,400 Cost of Goods Sold Labor $9,100 Material $10,920 Fixed Overhead $1,820 $21,840 Gross Profit $14,560 Administrative Expense Fixed 35460 Variable $3,640 59.100 Operating Income 55,460 Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole number Eor Unit calculations found your answers up to the nearest whole number ay Calculate the contribution Margin and Operating income for the year Contribution Margin: S a) Calculate the contribution Margin and Operating Income for the year. Contribution Margin: $ Operating income: $ b) Calculate the contribution margin ratio Contribution Margin Ratio 96 4) Calculate the break-even sales and break-even units. Break-even units Break even sales: $ d) Suppose the company would like to generate an operating profit of $5,000. Determine the revenue that is needed to obtain this target, and calculate the number of units that need to be produced to meet this goal Target units: Target sales: 5 e) Given the company's current yearly sales amount is 536,400, what is the margin of safety in dollars and in units? Margin of Safety (units): Margin of Safety (Dollar): $