Problem 12-24 (Algo) Prepare a contribution margin format Income statement; calculate breakeven point LO 7, 8, 9, 11 Presented here is the income statement for Falrchild Co. for March Sales Cost of goods sold Gross profit Operating expenses Operating income $81,000 42,00 $39,660 31,500 $ 7,5ee Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 35%, Required: a Rearrange the preceding Income statement to the contribution margin format b. Calculate operating Income if sales volume Increases by 10% c. Calculate the amount of revenue required for Fairchild to break even. Complete this question by entering your answers in the tabs below. Required A Required B Required Rearrange the preceding income statement to the contribution margin format. Required > Problem 12-24 (Algo) Prepare a contribution margin format Income statement; calculate breakeven point LO 7, 8, 9, 11 Presented here is the income statement for Fairchild Co. for March Sales Cost of goods sold Gross profit Operating expenses Operating income $81,900 12 000 $39,000 31,500 $ 7,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 35% Required: a Rearrange the preceding income statement to the contribution margin format b. Calculate operating income sales volume increases by 10% c Calculate the amount of revenue required for Falrchild to break even Complete this question by entering your answers in the tabs below. Required Reques Required Calculate operating Income if sales volume increases by 10%. (Do not round intermediate calculations.) Problem 12-24 (Algo) Prepare a contribution margin format Income statement; calculate breakeven point LO 7, 8, 9, 11 Presented here is the income statement for Fairchild Co. for March Sales Cost of goods sold Gross profit Operating expenses Operating Income $81,000 42,000 $39,000 31,5 $ 7,500 Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 35% Required: a Rearrange the preceding income statement to the contribution margin format b. Calculate operating income if sales volume increases by 10% c Calculate the amount of revenue required for Fairchild to break even Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the amount of revenue required for Falechild to break even Break even