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Contribution Margin, Break-Even Sales, Cost-Volume-Profit Chart, Margin of Safety, and Operating Leverage Belmain Co. expects to maintain the same inventories at the end of 20Z as at the beginning of the year. The total of all production conts for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: It is expected that 7,920 units will be sold at a price of $216 a unit. Maximurn sales within the refevant range are 10,060 units. Required: 1. Prepare an estimated income statemant for snvz 2. What is the expected contribution margin ratio? Round to the nearest whole percent. % 3. Determine the break-even sales in units and dollars; 4. Construct a cost-volume-profit chart on your own paper. What is the break-even sales? 5. What is the expected margin of safety in dollars and as a percentage of sales? Dollars: Percentage: (Round to the nearest whole percent.) Percentage: (Round to the nearest whole percent.) 6. Determine the operating leverpoe. Roond to che dedimal place