Wildhorse Company bottles and distributes B-Lite, a diet soft drink. The beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. For the year 2020, management estimates the following revenues and costs. $95,000 54,000 Sales Direct materials Direct labor Manufacturing overhead-variable Manufacturing overhead-fixed $1,850,000 470,000 340,000 360,000 170,000 Selling expenses ---variable Selling expenses-fixed Administrative expenses-variable Administrative expenses --fixed 30,000 109,000 Prepare a CVP income statement for 2020 based on management's estimates. WILDHORSE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ WILDHORSE COMPANY CVP Income Statement (Estimated) For the Year Ending December 31, 2020 $ $ Administrative Expenses Contribution Margin Cost of Goods Sold Fixed Expenses Net Income/(Loss) Sales Selling Expenses Total Fixed Expenses Total Variable Expenses Variable Expenses Gross Profit $ Calculate variable cost per bottle. (Round variable cost per bottle to 3 decimal places, eg, 0.251.) Variable cost per bottle $ Compute the break-even point in (1) units and (2) dollars. (Round answers to decimal places, e.g. 1,225.) (1) units Compute the break-even point Compute the break-even point (2) $ Compute the contribution margin ratio and the margin of safety ratio. (Round variable cost per bottle to 3 decimal places, e.g. 0.25 and final answers to decimal places, eg. 25%.) Contribution margin ratio % Margin of safety ratio % Determine the sales dollars required to earn net income of $240,000. (Round answer to decimal places, eg. 1,225.) Required sales dollars $