White Company sells flags with team logos. White has fixed costs of $336,000 per year plus variable costs of $11.20 per flag. Each flag sells for $16.00. Read the requirements. Requirement 1. Use the equation approach to compute the number of flags White must sell each year to break even. First, select the formula to compute the required sales in units to break even. Requirements 1. Use the equation approach to compute the number of flags White must sell each year to break even. 2. Use the contribution margin ratio approach to compute the dollar sales White needs to earn $28,800 in operating income for the year. (Round the contribution margin ratio to two decimal places.) 3. Prepare White's contribution margin income statement for the year ended December 31 , for sales of 64,000 flags. (Round your final answers up to the next whole number.) 4. The company is considering an expansion that will increase fixed costs by 20% and variable costs by $1.60 per flag. Compute the new breakeven point in units and in dollars. Should White undertake the expansion? Give your reasoning. (Round your final answers up to the next whole number.)