Problem 12-24 (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 Fairchild Company for March: Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 26%. Required: a. Rearrange the preceding income statement to the contribution margin format. b. Calculate operating income if sales volume increases by 8%. 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. Cost of goods sold Fixed expenses Operating expenses Sales Variable expenses Calculate operating income if sales volume increases by 8%. Note: Do not round intermediate calculations. Calculate the amount of revenue required for Fairchild to break even