Bowman Company reported the following information for the year just ended:

Units sold $1,000$

Selling price per unit $$20$

Variable cost $75\%$ of sales

Total fixed costs $$2,600$

Target operating income $$3,000$

Tax rate $30\%$

Target after$-$tax net income $$1,750$

Required

a$.$ What is the operating income for the year?

b$.$ Determine the contribution margin in dollars, per unit, and as a ratio.

c$.$ Compute the breakeven point in dollars and in units.

d$.$ How many units must be sold to achieve the target operating income?

e$.$ Given the income tax rate above, what is the net income? How many units must be sold to achieve the target after$-$tax net income?

f$.$ Compute the margin of safety in dollars and as a ratio.