Can you please help and explain your solution to this problem? step by step with the formulas. Thank you!

You were employed just this morning by Company Inc., a prominent and rapidly growing organization. As your initial assignment, you were asked to complete an analysis of one of the company's products for the board of directors meeting later in the day. After completing the analysis, you left your office for a few moments only to discover on returning that a broken sprinkler in the ceiling has destroyed most of your work.Only the following remained:

Company Inc.

Actual Income Statement

For the Month Ended June 30

Total Per Unit Percent

Sales (? Units) P ? P ? ?%

Less variable expenses ? ? ?%

Contribution margin ? ? ?%

Less fixed expenses ?

Net operating income P ?

Breakeven point:

In units ?

In dollars P 180,000

Margin of Safety

In dollars P ?

In percentage 20%

Degree of operating leverage ?

The computations above are all based on actual results for June. The company's projected contribution format income statement for this product for July follows:

Company Inc.

Projected Income Statement

For the Month Ended July 30

Total Per Unit Percent

Sales (30,000 Units) P ? P ? ?%

Less variable expenses ? ? ?%

Contribution margin ? ? ?%

Less fixed expenses ?

Net operating income P 40,500

To add to your woes, the company's mainframe computer is down so no data are available from that source. You do remember that the sales for July are projected to increase by 10% over sales for June. You also remember that June's net operating income was P27,000 . Finally, you remember that the degree of operating leverage is useful to the manager as a predictive tool.

Total fixed expenses, the unit selling price, and the unit variable expenses are planned to be the same in June and July. The board of directors meets in just one hour.

Required:

1. For the June data, do the following:
   1. Complete the June contribution margin format income statement (all three columns)
   2. Compute the breakeven point in units and in pesos.
   3. Compute the margin of safety in pesos
2. For the July data, do the following:
   1. Complete the July projected contribution margin format income statement (all three columns)
   2. Compute the margin of safety in pesos and percent and compute the degree of operating leverage.