Question 4(35 marks ) My Tablet lnc. specializes in Tablets. The results of the company's operations during 2013 are given in the following table. All units produced during the year were sold. (Ignore income tax.) Required: 1- Prepare a traditional income statement and a contribution income statement for the company. Discuss which type of income statements an operating manager would find useful.(10 marks) 2. Calculate the breakeven point in revenues.( 10 marks) 3- The company is considering replacing a component part that has a cost of $15 with a new and cheaper part costing $13 per unit in the corning year. A new machine would also be needed to increase plant capacity. The machine would cost $32,000 with a useful life offeight years and a salvage value of $4,000. The sales price will remain constant. a. Calculate the number of units that must be sold in the coming year to break even.(8 marks) b. Calculate the number of units that must be sold in the coming year to make a net income of $447,720.(7 marks)