Victor Medical Supply is a retailer of home medical equipment Last year, Victor's sales revenues totaled $6,700,000. Total expenses were $2$00,000 or this amount, approximately $1.608,000 were variable. While the remainder were floed. Since Vicior's offers thousands of different products, its managers prefer to calculate the breakeven point it terms of sales dolars rather than units Read the Requirement 1. What is Victor's current opetating inceme? Begin by identitying the formula to compule the operating inceres 1. What is Victor's current operating income? 2. What is Victor's contribution margin ratio? 3. What is the company's breakeven point in sales dollars? (Hint: The contribution margin ratio calculated in Requirement 2 is already weighted by the company's actual sales mix.) 4. Victor's top management is deciding whether to embark on a $200,000 advertising campaign. The marketing firm has projected annual sales volume to increase by 14% as a result of this campaign. Assuming that the projections are correct, what effect would this advertising campaign have on the company's annual operating income