Using the income statement below compute the following items. Round answers to two decimal places. Sales Variable costs Contribution margin Fixed operating costs Earnings before interest and taxes Interest Earnings before taxes Taxes (30%) Earnings after taxes $ 2,400,000 1,500,000 900,000 600,000 300,000 150,000 150,000 45,000 $ 105,000 Note: The company produced and sold 60,000 units this year Required: 1. Calculate the breakeven point in sales dollars, assuming that interest is a fixed cost. (2 marks) 2. Assuming they would like to have $250,000 in earnings before taxes. a) What is the sales amount in dollars that will need to be achieved? (2 marks) b) How many units would they need to sell (1 mark) a) Calculate the Degree of Operating Leverage. [1 mark) b) Calculate the degree of Financial Leverage. [1 mark) Calculate the Degree of combined Leverage (man