Zachary Corporation sells hammocks; variable costs are $$70$ each, and the hammocks are sold for $$132$ each. Zachary incurs $$294,000$ of fixed operating expenses annually. $$RequiredDetermine the sales volume in units and dollars required to attain a $$78,000$ profit. Prepare an income statement using the contribution margin format.Zachary is considering implementing a quality improvement program. The program will require a $$8$ increase in the variable cost per unit. To inform its customers of the quality improvements, the company plans to spend an additional $$51,600$ for advertising. Assuming that the improvement program will increase sales to a level that is $5,700$ units above the amount computed in Requirement$$a$,$ prepare a budgeted income statement using the contribution margin format.Determine the new break$-$even point in units and sales dollars as well as the margin of safety percentage, assuming that the quality improvement program is implemented.$$