Required information Problem 3-23A (Algo) Comprehensive CVP analysis LO 3-1, 3-2, 3-3, 3-4, 3-5 [The following information applies to the questions displayed below] Franklin Company makes and sells products with variable costs of $24 each. Franklin incurs annual xed costs of $359,800. The current sales price is $94. Note: The requirements of this question are interdependent. For example, the $280,000 desired prot introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Problem 3-23A (Algo) Part c :. Suppose that Franklin desires to earn a $280,000 profit. Determine the sales volume in units and dollars required to earn the :lesired profit. Prepare an income statement using the contribution margin format. 9 Answer Is complete but not entirely correct. Complete this question by entering your answers In the tabs below. Req c1 Req c2 Suppose that Franklin desires to earn a $280,000 prot. Determine the sales volume in units and dollars required to earn the desired prot. (Do not round intermediate calculations. Round your nal answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars $ 1,023 .680 0 Problem 3-23A (Algo) Part c c. Suppose that Franklin desires to earn a $280,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req C1 Req C2 Suppose that Franklin desires to earn a $280,000 profit. Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) FRANKLIN COMPANY Income Statement Sales $ 1,023,680 X Variable cost 383,880 X Contribution margin V $ 639,800 Fixed cost v 359,800 Net loss X $ 280,000