Thornton Corporation sells hammocks, variable costs are $72 each, and the hammocks are sold for $137 each. Thornton incurs $399,000 of fixed operating expenses annually. Required a. Determine the sales volume in units and dollars required to attain a $69,000 profit. Prepare an income statement using the contribution margin format. b. Thornton is considering implementing a quality improvement program. The program will require a $9 increase in the variable cost per unit. To inform its customers of the quality improvements, the company plans to spend an additional $15,400 for advertising. Assuming that the improvement program will increase sales to a level that is 4,900 units above the amount computed in Requirement a, prepare a budgeted income statement using the contribution margin format. c. Determine the new break-even point in units and sales dollars as well as the margin of safety percentage, assuming that the quality improvement program is implemented. Complete this question by entering your answers in the tabs below. Required A1Required A2 Required B Required C Determine the sales volume in units and dollars required to attain a $69,000 profit. Sales volume in units Sales volume in dollars