Wantagh's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $480,000 and a contribution margin of 95% of revenues. Requirements 1. Compute Wantagh's Steel Parts' monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $720,000 and if they are $1.150.000 3. Do the results in Requirement 2 make sense given the break-even sales you computed in Requirement 1? Explain. Requirement 1. Compute Wantagh's Steel Parts' monthly break-even sales in dollars. Use the contribution margin ratio shortcut approach Select the labels to complete the formula, and then enter the amounts to calculate Wantagh's Steel Parts' monthly break-even sales in dollars. (Enter ratios as decimals. Round your answer up to the nearest whole dollar.) Break-even sales in dollars Requirement 2. Use the contribution margin ratio to project operating income (or loss) if revenues are $720,000 and if they are $1,150,000. Complete the operating income projection by first selecting the labels. Then, project operating income (or loss) if revenues are $720,000. In the next step, complete the operating income projection for revenues at $1.150.000. (Enter losses with a minus sign or parentheses. Enter ratios as decimals.) Wantagh's Steel Parts Operating Income Projections at Different Sales Levels Choose from any list or enter any number in the input fields and then continue to the next question