I need help with this home work, having difficulties solving this problem.

Given the following abbreviated Income Statement for the Twelve Months Ended December 31, 2019, what would the statement look like for 2020 if sales are expected to grow 6% and fixed costs will remain the same as 2019? Please calculate and show the 20120 statement side by side with the 2019 statement. Also, please calculate and explain the breakeven point (in sales dollars) for the company for 2019 and 2020. And, calculate and show the sales dollars required (based on the 2020 statement) if the company desired an Operating Margin of $1,250,000. Finally, describe the actions the company might take to lower its breakeven point in sales dollars and, given a very competitive market, which actions might be more desirable than others? Ignore federal and state income taxes for this analysis.

Write a brief analysis explaining the calculations performed and their results, giving special attention to cost-volume-profit relationships.

Social Media Marketing, LLC

Income Statement

For the Twelve Months Ended December 31, 2019

Sales . . . . . . . . . . . . . . $ 2,500,000

Cost of Sales . . . . . . . . . 1,250,000

Contribution Margin . $ 1,250,000

C.M. % . . . . . . . . . . . . . . . 50%

Fixed Costs . . . . . . . . . $ 550,000

Fix Costs % . . . . . . . . . . . 22%

Operating Margin . . . . $ 700,000

O. M. % . . . . . . . . . . . . . . 28%