Wollogong Group Limited Contribution Format Income Statement Projected for the year ending December 31, 2024 Requirement 1. Complete the table below using the information provided above. Formulas provided for your use CVP Relationships Equations: Profit =( CM ratio Sales ) Fixed Expenses Profit =( Unit CMQ) Fixed Expenses Formulas: Sales =CMratioFixedexpenses+Profit Units =UnitCMFixedexpenses+Profit Requirement 2. What would be the revised net operating income for the year for the following independent scenarios? (Hint similar to HW Q3) a. the sales volume increases by 200 units? b. the sales volume decreases by 200 units? Requirement 3. Calculate the company's break-even point using formulas or equations (Hint similar to HW Q5) a. Calculate the company's break-even point in unit sales. Round to the nearest unit (e.g. 103.4 units would be rounded to 103 units). b. Calculate the company's break-even point in dollar sales. Round to the nearest whole dollar. (e.g. $3,569.68 would be rounded to $3,570 ). Requirement 4: a. What is the company's margin of safety? (Hint similar to HW Q7) b. What is the company's margin of safety percentage? Round to the nearest percentage. (e.g. 16.84% would be rounded to 17% ). Requirement 5: Calculate what is needed to attain a target profit of 27,500 (Hint similar to HW Q9) a. in Unit sales