Question: Presented here is the income statement for Big Shot, Inc, for the month of May Sales Cost of goods sold Gross proft Operating expenses Operating

Presented here is the income statement for Big Shot, Inc, for the month of May Sales Cost of goods sold Gross proft Operating expenses Operating loss $61,500 50.900 10.600 14,100 5 (3.500) Based on an analysis of cost behavor patterns, it has been determined that the company's contribution margin ratio is 19% Required: a. Rearrange the preceding income statement to the contribution margin format ariable expenses 61.500 ooed exponses Operating loss $ 61,500 b. It sales increase by 15%, what wn be the firms operating income (or loss)? (Do not round intermediate calculators.) c. Calculate the amount ot revenue requred for Big Shot, Inc, to break even

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