White Company sells flags with team logos White has fixed costs of $450.000 per year plus variable costs of $10.00 per flag. Each flag sells for $25.00 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. Net sales revenue Variable costs Fixed costs Target profit Rearrange the formula you determined above and compute the required number of flags to break even The number of flags White must sell each year to break even is Requirement 2. Use the contribution margin ratio approach to compute the dollar sales White needs to eam 590,000 in operating income for the year. (Round the contribution margin ratio to two decimal places.) Begin by showing the formula and then entering the amounts to calculate the required sales dollars to eam $90,000 in operating income. (Round the required sales in dollars up to the nearest whole dollar. For example, $10.25 would be rounded to $11 Abbreviation used CM contribution margin) Required sales in dollars Requirement 3. Prepare White's contribution margin income statement for the year ended December 31, for sales of 26,000 flags (Round your final answers up to the next whole number) (Use parentheses or a minus sign for an operating loss) White Company Contribution Margin Income Statement Year Ended December 31, 20xx Operating Income (Loss)