Presented here $is$ the income statement for Big $Sky$ Incorporated for the month $of$ February:

Sales$ $61,000$Cost $of$ goods sold$51,800$Gross profit$ $9,200$Operating expenses$13,300$Operating loss$ $(4,100)$

Based $onan$ analysis $ofcost$ behavior patterns, $it$ has been determined that the company's contribution margin ratio $is16\%.$

Required:

Rearrange the preceding income statement $to$ the contribution margin format.

$If$ sales increase $by15\%,$ what will $be$ the firm's operating income $(or$ loss$)?$

Calculate the amount $of$ revenue required for Big $Skyto$ break even.