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

Sunn Company manufactures a single product that sells for $\backslash (\backslash$$ $160\backslash )$ per unit and whose variable costs are $\backslash (\backslash$$ $128\backslash )$ per unit. The company's annual fixed costs are $\backslash$$$464,000.$

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

$(2)$ If the company's fixed costs increase by $\backslash (\backslash$$ $130,000\backslash ),$ what amount of sales $($in dollars$)$ is needed to break even?

Complete this question by entering your answers in the tabs below.

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

If the company's fixed costs increase by $\backslash (\backslash$$ $130,000\backslash ),$ what amount of sales $($in dollars$)$ is needed to break even?