Use the information below for the next problem.

Projected Income Statement

Sales	$30,000
Variable costs	9,000
Fixed costs	20,000
EBIT	1,000
Interest expense	600
EBT	400
Taxes	140
Net Income	260

Additional Data

Estimated Sales in Units 3,000

Price per unit $10.00

Variable Cost per unit $3.00

Tax Rate 35%

Calculate the following :

Operating Break-even Points:

• 1) Units
• 2) Dollars
• Find the Unit Sales Needed to Reach Target EBIT of $10,000
• Find the per unit Price to Break Even on Net Income. Calculate this using goal seek, assuming you have sold 2,500 units

(i have attached in excel...please use this sheet)

Projected Income Statement Sales $30,000 Variable costs 9,000 Fixed costs 20,000 EBIT 1,000 Interest expense 600 EBT Taxes 400 140 Net Income 260 Additional Data Estimated Sales in Units Price per unit Variable Cost per unit Tax Rate 3,000 $10.00 $3.00 35% Calculate the following Operating Break-even Points 11. Units 12. Dollars 13. Find the Unit Sales Needed to Reach Target EBIT of $10,000 14. Find the per unit Price to Break Even on Net Income. Calculate this using goal seek, assuming you have g goal seek, assuming you have sold 2,500 units