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2. Prepare a contribution margin income statement on the basis break-even sales. (Do not leave any cells blank, enter a zero wherever required.) Answer is complete and correct. ontribution Margin Income Statement Sales $ 2,800,000 Variable Costs 1,680,000 Contribution Margin 1,120,000 Fixed Costs 1,120,000 Net Operating Income Profit 3. Calculate the required sales to meet the target profit of $860,000 Answer is complete and correct. arge $4,950,000 4. Prepare a contribution margin income statement based on sales required to earn a target profit of $860,000 Answer is not complete ontribution Margin Income Statement Sales $ 4,950,000 1,680,000 Variable Costs Contribution Margin Fixed Costs 1,120,000 Net Operating Income 2,150,000 Profit