Use the below information to fill out the income statement and answer the questions 4-10 below: Selling Price per Unit Number of Units Total Dollars Sales Revenue $40.00 Variable Costs 600,000 Contribution Margin Fixed Costs Net Income 240,000 If OPEARATING LEVERAGE is 5 4. What is Net Income ? How many units did the company sell ? Express your answer as a whole number, i.e. 16,500 6. What is Contribution Margin percentage ? (take your answer out to two decimal points, example - 26.67, do NOT.2667) 7. If you want net income to be $120,000, how many units must you sell ? 8. What is Breakeven Point in units ? (Express as a whole number) 9. You are thinking about buying a new machine which will decrease VC cost per unit by 10% but will increase Fixed Costs by $100,000. How many units will you need to sell if you want income to be $100,000 ? (Round your answer up to the nearest whole number. Example, if your answer is 23,567.425, round your answer up to 23,568 units 10. If you were to increase advertising by $40,000, how many units would you need to sell to increase Net Income from its current amount to $90,000 $ ? (round to the nearest unit)