Sheet1Orange Company2009% of Sales2010Sales$20,000,000$27,000,000Net Income$1,000,000$2,000,000Current Assets$4,000,00020%$5,400,000Net Fixed Assets$8,000,00040%$10,800,000Total Assets$12,000,000$16,200,000Liabilities & Owners' EquityAccounts Payable$3,000,00015%$4,050,000Long-term Debt$2,000,000$2,000,000Total Liabilities$5,000,000$6,050,000Common Stock$1,000,000$1,000,000Paid-in Capital$1,800,000$1,800,000Retained Earnings$4,200,000$6,200,000Common Equity$7,000,000$9,000,000Total Liabilities & Equity$12,000,000$15,050,000DFN$1,150,0002)Orange CompanySelling Price$175Variable Cost per Unit$140Unit Contribution Margin$35Fixed Costs$550,000Break-even Point in Units15,714.2915,715Break-even Point in Sales Dollars$2,750,125Number of Units12,00015,00020,000Sales$2,100,000$2,625,000$3,500,000Less: Variable Costs$1,680,000$2,100,000$2,800,000Contribution Margin$420,000$525,000$700,000Less: Fixed Costs$550,000$550,000$550,000Net Profit (Loss)($130,000)($25,000)$150,000

Sheet2

Sheet3