Problem $12-23($Algo$)$ Prepare a contribution margin format income statement; calculate breakeven point LO $12-7,12-8,12-9,12-11$

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

Sales $ $60,500$

Cost of goods sold $51,200$

Gross profit $ $9,300$

Operating expenses $13,600$

Operating loss $ $(4,300)$

Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is $19\%.$

Required:

Rearrange the preceding income statement to the contribution margin format.

If sales increase by $10\%,$ what will be the firm's operating income $($or loss$)?$

Calculate the amount of revenue required for Big Sky to break even.