Problem 12-24 (Algo) Prepare a contribution margin format income statement; calculate breakeven point LO 127,128,129,1211 Presented here is the income statement for Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 31%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Rearrange the preceding income statement to the contribution margin format. Presented here is the income statement for Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 31%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Folrchild to break even. Complete this question by entering your answers in the tabs below. Rearrange the preceding income statement to the contribution margin format. Presented here is the income statement for Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 31%. Required: o. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Calculate operating income if sales volume increases by 6%. Note: Do not round intermedlate calculations. Presented here is the income statement for Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 31%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 6%. c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Calculate the amount of revenue required for Fairchild to break even