help on B only

Your answer is correct. Prepare a single-column CVP income statement based on current activity. Compute the contribution margin ratio, break-even point in sales dollars, margin of safety ratio, and degree of operating leverage based on current activity. (Round margin of safety ratio to 2 decimal places, eg. 2.55% or 2.55 and other answers to 0 decimal places, eg. 2,520.) Contribution margin ratio Break-even point in dollars Margin of safety ratio \% Degree of operating leverage Blossom Seats manufactures swivel seats for customized vans. It currently manufactures 10,800 seats per year, which it sells for $600 per seat. It incurs variable costs of $276 per seat and fixed costs of $2,624,400. It is considering automating the upholstery process, which is now largely manual. It estimates that if it does so, its fixed costs will be $4,147,200, and its variable costs will decline to $120 perseat. Answer the following questions. (a) Your answer is correct. Prepare a single-column CVP income statement based on current activity