Exercise $5-10($Algo$)$ Income reporting and break$-$even analysis LO P$2$

Sunn Company manufactures a single product that sells for $$240$ per unit and whose variable costs are $$192$ per unit. The company$$s annual fixed costs are $$734,400.$

$(1)$ Prepare a contribution margin income statement at the break$-$even point.

$(2)$ If the company$$s fixed costs increase by $$138,000,$ what amount of sales $($in dollars$)$ is needed to break even?