3. 10.00 points Problem 12-22 Prepare a contribution margin format income statement. calculate break even point Lo 7.8.9.11 Presented here is the income statement for Fairchild Co. for March: $78,500 Cost of goods sold 43 000 Gross profit operating expenses 31.000 4,500 operating income Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 29%. Required a. Rearrange the preceding income statement to the contribution margin format