Webb Campany sels flags wilh team logos. Webb has fared costs of 590,000 per year ples varlable costs of 57,00 per flag Each flag sels for $10.00 Read the reguliminhts Requirement1. Use the equation approach to compule the number of flags Wobb nust sell each year to broak even. First, aelect the formula to compote the required sales in tinits to break even. Rearrange the formula you determined above and compole the required number of flags to break even The number of flags Wetb mint sell each year to break erien is Requirement 2. Use the conuibution margin rato approach to compule the dollar sales Wobb needs to earn 59,000 in operating hacome for the year. (Round the contribution matgin ratio to two docimal places) Begin by showing the formula and then entering the amounts to caloulate the mecuired sales dollars fo eam 59.000 in operating income. (Round the required sales in dolars up to the noarest whole dollar. For example, $10.25 would be rounded to 511 Abbreviation used CM= contribution maspin Requirement 3. Prepare Webbis contitution margh income statement for the year ended Deceniber 31, tor sales of 20,000 flags. (Roond your final answcts up to the neat whole number) (Use parenthases or a minus sign for an operating loss.) Requirempnt 4. The company is considoring an expansion that ail ingreate fixed costn by 307 and variable costs by 51.00 por llag Compue the new breakeven point in unth and in dollars Should Webb undertake the expanslon? Give your reasoting. (Round your final answen ip to the next whole number) (Use the equation approach ) Boyin by selecting the formila to compice the spquired sales in units to bewak even under the kpansion plan Rearrunge the formula you determined above and compete the requked ouenber of fags to break enen under the fupansion plan Wnder the expaibion plan the breakeved poind hi uitits would tev Unifar the expkrion plan the breabeven poivt in bolles whild be Satvouid Wobo anderlake the expantion? Clive your trasoning costs