to 5136,000 compensation amounted Mini-Exercise Prepare a contribution margin format income statement China 12.3 sold 18.000 units in May. Per unit selling price and variable expern LO 7 $17, respectively. Fixed expense incurred for May totaled S120,000. 5 and were $25 Required: Prepare the May income statement for China Imports, Inc., in the contribution m Co like format. Mini-Exercise CVP analysis Current operating income for Bay Area Cycles Co. is $70,000. Sellim price per unit is $100,the contribution margin ratio is 35%, and fixed expense is $280.00 12.4 LO B Required: Calculate Bay Area Cycle's per unit variable expense and contribution margin. How many units are currently being sold? How many additional unit sales would be neces- sary to achieve operating income of $105,000? Mini-Exercise Break-even analysis Refer to the current information for Bay Area C ycle Co. in 12.5 Mini-Exercise 12.4. LO 9, 11 Required: Calculate Bay Area Cycle's break-even point in units and total sales dollars Bay Area Cycle's margin of safety and margin of safety ratio rs. Calcula