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Based on the relationships in CVP Limiteds 2020 Income Statement, answer each of the following for questions. Each question is independent of the others. Calculate the breakeven point in Units. Round any partial units up. Calculate the sales dollars rounded to the nearest dollar needed to increase operating income by $100,000. Ignore minor rounding difference in your answer. - i.e. increase operating income by $99,950 to $100,050. To the nearest dollar what would sales revenue need to be to earn net income of $175,000. Ignore minor rounding differences - i.e. net income can range from $149,900 to $150,100 ( 3 marks) Assuming there will be no interest expense, determine the necessary units to be produced and sold to earn net income of $150,000. Ignore minor rounding differences - i.e. round up the units to be within the range from $149,900 to $150,100. Units produced and sold 10,000 Sales $1,000,000 Direct Material 120,000 Direct Labour 30,000 Variable Manufacturing Overhead 25,000 Fixed Manufacturing Overhead 550,015 Gross Margin 274,985 Fixed Selling General and Administrative Expense 140,000 Variable Selling General and Administrative Expense 40,000 Operating Income 94,985 Interest Expense 66,500 Net Income before Taxes 28,485 Income Tax Expense at 30% Rounded 8,500 Net Income $19,985

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