$1,500,000 Tab 11 Barnes Corporation's income statement for last year appears below: Sales Cost of sales: Direct materials $250,000 Direct labor (variable) 150,000 Variable overhead 75,000 Fixed overhead 100,000 Gross margin Selling, general, and administrative: Variable 200,000 Fixed 250.000 Net operating income 575.000 925,000 450,000 $_475.000 Rewrite the contribution margin income statement in the format we are used to: Calculate the BE point last year (in dollars) Management anticipates a 10% increase in total sales, a 12% incrase in total variable expenses and a 45000 increase in total fixed expenses next year. Prepare a new contribution margin income statement. What is the new breakeven point in dollars