Question: Refer to Exercise 22-10. (1) Prepare a contribution margin income statement for Apollo Company showing sales, variable costs, and fixed costs at the break-even point.

Refer to Exercise 22-10.
(1) Prepare a income statement for Apollo Company showing sales, variable costs, and fixed costs at the break-even point.
(2) If the company’s fixed costs increase by $135,000, what amount of sales (in dollars) is needed to break even? Explain.

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