Contribution Format Income Statement Units Sold: $20,000$Selling ExpensesVariable Expenses $2.$ Based on the above Contribution Income Statement for Round Rock, Inc. calculate the following: $1.$ Breakeven in units $2.$ Breakeven in Sales dollars $3.$ Units needed to achieve a target profit of $\backslash$$ $120,0004.$ Sales dollars needed to achieve a target profit of $\backslash$$ $160,0005.$ Margin of Safety $6.$ Margin of Safety Percentage $7.$ Operating Leverage $($Contribution Margin$/$ Net Operating Income$)8.$ If sales increased by $\backslash (20\backslash \%\backslash )$ what percentage would operating income increase. $($ Q$7$ X percent increase$).$ Units $\backslash$$ Units $\backslash$$ $\backslash$$ $\backslash \%$ Round Rock,Inc. manufactures and sells a single product. Cost data are given below:$-$ Variable cost per unit

$-$ Fixed Cost$-\backslash$$ $8\mathrm{.}00$

$-\backslash$$$25,000-$ Variable cost per unit

$-$ Fixed Selling Expenses$-\backslash$$ $2\mathrm{.}00$

$-\backslash$$ $30,000-$ Variable cost per unit

$-$ Fixed Administrative Expenses$-\backslash$$ $2\mathrm{.}00$

$-\backslash$$$25,000$

$1.$ Prepare the Contribution Format Income Statement.

Round Rock, Inc.

Contribution Format Income Statement

Units Sold: $20,000$