Please explain as well.

Exercise 6.20 a-c Kirkland Video Games Inc. is developing a new video game. It is the most sophisticated game on the market. It sells the video game for $285 per copy. Variable costs to produce and sell the video game amount to $70 per copy. Fixed costs amount to $453,650. The company anticipates selling 400 copies of the game per month. The company's policy is to stop producing the video game as soon as a competitor comes out with a more sophisticated version. Calculate the amount of operating income the company will earn if it takes 11 months for a competitor to produce a more sophisticated version of the video game. Operating Income Calculate how many units of the video game the company will have to sell in order to break even. Units to break even units If the company wishes to earn $26,350 over the product's life, calculate the selling price of the video game if a competitor introduces a more sophisticated version of the video game in 4 months. Assume that unit sales are 400 copies per month. (Round answer to 2 decimal places, e.g. 15.25.) Selling price per unit Exercise 6.21 a-b Jagswear Inc. earned operating income of $96,000 during 2020. The company wants to earn operating income of $158,000 during 2020. Its fixed costs are expected to be $38,980, and variable costs are expected to be 30% of sales. Determine the required sales to meet the target operating income during 2020. Required sales Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to part a. Sales revenue Variable costs Contribution margin Fixed costs Operating income