Units to Earn Target Income Head-First Company plans to sell 5,800 bicycle helmets at $76 each in the coming year. Unit variable cost is $44 (includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals $49,600 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the number of helmets Head-First must sell to earn operating income of $89,600. 2. Check your answer by preparing a contribution margin income statement based on the number of units calculated. Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost 1. Calculate the number of helmets Head-First must sell to earn operating income of $89,600. 4,350 helmets 2. Check your answer by preparing a contribution margin income statement based on the number of units calculated. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. Head-First Company Contribution Margin Income Statement Based on Helmets Sold 1 Sales $330,600.00 2 Total variable cost 191,400.00 3 Total contribution margin $139,200.00 4 Total fixed cost 49,600.00 5 Operating income $89,600.00