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Prepare a contribution margin format income statement; calculate breakeven oint Presented here is the income statement for Fairchild Co. for March: Sales .. $100,000 Cost of goods sold . . 54,000 Gross profit. ....... $ 46,000 Operating expenses. 37,000 Operating income ... $ 9,000 based on an analysis of cost behavior patterns, it has been determined that the com- any's contribution margin ratio is 30%. equired: Rearrange the preceding income statement to the contribution margin format. Calculate operating income if sales volume increases by 10%. (Note: Do not con- struct an income statement to get your answer.) Calculate the amount of revenue required for Fairchild to break even