Cornerstone Exercise $4-16$ Break$-$Even Point in Sales Dollars Head$-$ First Company plans to sell $5,000$ bicycle helmets at $$75$ each in the coming year. Variable cost is $60$ percent of the sales price; contribution margin is $40$ percent of the sales price. Total fixed cost equals $$49,500($includes fixed factory overhead and fixed selling and administrative expense$).$

Required: $1.$ Calculate the sales revenue that Head$-$First must make to break even by using the break$-$even point in sales equation.

$2.$Check your answer by preparing a contribution margin income statement based on the break$-$even point in sales dollars.