Question: Please explain how you got the answer and it's a one question but broken down into two parts Jagswear Inc. earned operating income of $92,000


Please explain how you got the answer and it's a one question but broken down into two parts
Jagswear Inc. earned operating income of $92,000 during 2020. The company wants to earn operating income of $157,000 during 2020. Its fixed costs are expected to be $59,300, and variable costs are expected to be 25% of sales. Your answer is incorrect. Determine the required sales to meet the target operating income during 2020. $ 270375 Required sales Assistance Used e Textbook and Media Fill in the dollar amounts for the summary income statement for 2020 below based on your answer to parta. Sales revenue 54075 Variable costs 13518.75 Contribution margin 40556.25 Fixed costs 59300 Operating income $ 18743.75 e Textbook and Media Assistance Used
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