Please show all the work for both. Thank you!!

Question 27 16 pts The following income statement is provided for XYZ Co for 20x7: Sales Revenues (2500 units @ $20 per unit) $50,000 Cost of Goods Sold Variable (2500 units @$5 per unit) 12,500 Fixed 5,000 Total CGS 17,500 Selling and Administrative Expenses: Administrative Salaries 6,000 Depreciation Expense 4,000 Shipping Expense (2500 units@$3 per unit) 2.500 Total S, G&A Expense 17,500 NET INCOME $15,000 A. From the information provided above, prepare a CONTRIBUTION MARGIN FORMAT INCOME STATEMENT. B. Calculate the degree (or magnitude) of operating leverage. PROPOSYPAL Total S, G&A Expense 17,500 NET INCOME $15,000 A. From the information provided above, prepare a CONTRIBUTION MARGIN FORMAT INCOME STATEMENT. B. Calculate the degree (or magnitude) of operating leverage. C. If the number of units increases by 20%, what will the company's net income be? BI V A - A - IX E - E N Vw GV HTML Editore 33 x , 12pt Question 28 16 pts Ms. Olson has come to you for advice about her business. She has decided to open a specialty shop and sell helium balloons of varying sizes, shapes and colors. She has brought you the following information: Average selling price per balloon $5.00 Average variable cost per balloon $1.55 Fixed costs per month $1,155 Compute the following: A. Breakeven point in units per month: B. Number of units required to earn $2,500 operating income per month: C. Total operating income/loss if she purchases and sells 450 balloons per month: D. Margin of safety if she purchases and sells 900 balloons per month: HTML Editore B I VA - AI E 1 1 1 x x - E VX G V @ 12pt