trin Sheton, we want to sama teget gratt of $800,000 The company's expected to be $1000.000 d Cven sates in Sh 3. Prepare contrib margin income sent on the bes broken 1. Calcite required sees to mast the $800000 1. T 19 4 6 7 Q w E R T Y U . 7 9 P 23 A S D F G H J K L < > Z x C V B N M r option command x command option En Shon, Inc, was Curves Precont 3. Ce red sw When they $800.000 Q A 800000 Che Rated St 5 $1000,000 3 2 3 4 5 6 7 B 9 O N > E R T Y A U 1 P S D F G H J K L x T H option command < C V B N M 4 16 command C6 Practice Community Caleg Help Save & Exit Submit Check my work 4 Referenc Erin Shelton, Inc., wants to earn a target profit of $800,000 this year. The company's fixed costs are expected to be $1,000,000 and its variable costs are expected to be 60 percent of sales. Erin Shelton, Inc., earned $700,000 in profit last year. Required: 1. Calculate break-even sales for Erin Shelton, Inc. 2. Prepare a contribution margin income statement on the basis break-even sales 3. Calculate the required sales to meet the target profit of $800,000. 4. Prepare a contribution margin income statement based on sales required to eam a target profit of $800,000. 5. When the company earns $800,000 of net income, what is its margin of safety and margin of safety as a percentage of sales? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate break-even sales for Erin Shelton, Inc. Orson Even Sales