Prepare a cvp income statement, compute break-even point, contribution margin ratio, margin of safety ratio, and sales for target net income. (lo 3, 4, 5), an jorge company bottles and distributes b-lite, a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle to retailers, who charge customers 75 cents per bottle. for the year 2017, management estimates the following revenues and costs. sales $1,800,000 selling expenses—variable $70,000 direct materials 430,000 selling expenses—fixed 65,000 direct labor 360,000 administrative expenses—variable 20,000 manufacturing overhead—variable 380,000 administrative expenses—fixed 60,000 manufacturing overhead—fixed 280,000 instructions (a) prepare a cvp income statement for 2017 based on management's estimates. (show column for total amounts only.) (b) compute the break-even point in (1) units and (2) dollars. (1) 2,700,000 units (c) compute the contribution margin ratio and the margin of safety ratio. (round to nearest full percent.) cm ratio 30% (d) determine the sales dollars required to earn net income of $180,000.