Use the following information to answer the questions that follow: Lake Berryessa Marine Income Statements For the Three Months Ending June 30 April May Sales in units 6,500 7,400 Sales revenue $260,000 $296,000 Cost of goods sold 78,000 88,800 Gross margin 182,000 207,200 Selling & admin expenses Advertising 5,000 5,000 Shipping 67,500 75,600 Depreciation 2,500 2,500 Total selling & admin expenses 75,000 83,100 Net operating income $107,000 $124,100 June 7,000 $280,000 84,000 196,000 4 cost Items 5,000 72,000 2,500 79,500 $116,500 1. What is the CM margin per unit? 2. What is the CM ratio? 3. What is the breakeven in units? 4. What is the breakeven in dollars? 5. What level of sales is required for a target income of $150,000?! 6. What is the margin of safety ratio for May