4. Below is the full absorbtion income statement for Katco Inc. for fiscal year 2020: Revenue: Sales: $6,000,000 Cost of Goods Sold: Raw Math.: $500,000 Direct Labor: $1,000,000 Var. Factory O.H.: $75,000 Fixed Factory O.H.: $2,000,000 Total Cost of Goods Sold: $3,575,000 Gross Profit: $2,425,000 Other expenses: Selling Expense: Variable Selling Expense: $150,000 Fixed Selling Expense: $1,250,000 Total Selling Expenses $1,400,000 General & Administrative Exp. Variable G.&A.: $120,000 Fixed G. & A.: $1,000,000 Total Gen'l & Adm. Expenses $1,120.000 Total Other Expenses: $2,520,000 Net Profit (Loss): ($95,000) Required: a. Prepair a Contribution Margin (Variable Cost) income statement below: b. Use this formula to calculate the beakeven point in $: FIXED COST Sbe #1-(VAR COST/SALES) Sales required @ breakeven = c. Use this formula to calculate the sales $ required to generate a profit of $500,000: FIXED COST +PROFIT Sp = 1-(VAR COST /SALES) Sales required for a profit of $500,000 =