1.(TCO 1) George Corporation has anestimated monthly sales of 3200 units for $70

1.(TCO 1) George Corporation has anestimated monthly sales of 3200 units for $70 per unit. Variablecosts include manufacturing costs of $36 and distribution costs of$14. Fixed costs are $40000 per month.Required:Determine each of the following values.a. Unit contribution marginb. Monthly break-even unit salesvolumeCreate a contribution margin-based incomestatement.(Points : 30)