Trident Food Corporation Trident Food Corporation generated the following income statement for the most recent fiscal year, which ended December 31, 2010:

Sales revenues	$150,000
Variable cost of sales	(112,500)
Gross profit	37,500
Fixed operating costs	(24,000)
Net operating income (EBIT)	13,500
Interest	(10,000)
Earnings before taxes	3,500
Taxes (40%)	(1,400)
Net income	2,100

Each item of inventory Trident Foods produces has a selling price of $20.

Refer to Trident Food Corporation. What is the financial breakeven point for Trident Foods?

Select one:

a.

EBIT = $146,500

b.

Sales = 4,800 units

c.

EBIT = $10,000

d.

Net income = $10,000

e.

EBIT = $11,400