2 Crossfire Company segments its business into two regions-East and West. The company prepared a contribution format segmented income statement as shown below 10 points Total Company East West Sales Variable expenses Contribution margin Traceable fixed expenses Segment margin Common fixed expenses Net operating income $1,050,000 700,000 350,000 227,500 122,500 91,000 $ 31,500 560,000 140,000 61,000 $ 79,000 787,500 262,500 152,000600 110,500 70,000 $ 40,500 Required 1. Compute the companywide break-even point in dollar sales. 2. Compute the break-even point in dollar sales for the East region. 3. Compute the break-even point in dollar sales for the West region. 4. Prepare a new segmented income statement based on the break-even dollar sales that you computed in requirements 2 and 3. Use the same format as shown above. What is Crossfire's net operating income (loss) in your new segmented income statement? 5. Do you think that Crossfire should allocate its common fixed expenses to the East and West regions when computing the break even points for each region