PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 6-1, 6-2] Hawk Homes, Incorporated makes one type of birdhouse that it sells for $29.80 each. Its variable cost is $14.40 per house, and its fixed costs total $13,244.00 per year. Hawk currently has the capacity to produce up to 2,900 birdhouses per year, so its relevant range is 0 to 2,900 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. epare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this yea ote: Do not round your intermediate calculations. Enter your answers rounded to 2 decimal places. HAWK HOMES, INCORPORATED Cost of Goods Sold Fixed Costs Gross Margin Interest Expense Income from Operations \begin{tabular}{l} HAWK HOMES, INCORPORATED \\ Contribution Margin Income Statement \\ Interest Expense \\ Net Income After Taxes \\ Net Operating Income \\ Sales Revenue \\ Variable Costs \\ \hline Income from Operations \\ \hline \end{tabular} Without any calculations, determine Hawk's total contribution margin if the company breaks even. Note: Do not round your intermediate calculations. Enter your answer rounded to 2 decimal places. Calculate Hawk's contribution margin per unit and its contribution margin ratio. Note: Do not round your intermediate calculations. Round your answers to 2 decimal places. (Percentage answer, i.e. 0.1234 should be entered as 12.34%.). Calculate Hawk's break-even point in number of units and in sales revenue. Note: Do not round your intermediate calculations. Round your "Sales Revenue" answer to 2 decimal places and "Unit" answer to the nearest whole number. Suppose Hawk wants to earn $22,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Note: Do not round your intermediate calculations. Round your answer to the nearest whole number