3. Kneeland Corporation has two divisions: Grocery Division and Convenience Division. The following report is for the most recent operating period: Total Grocery Convenience Company Division Division Sales $ 427,000 $ 321,000 $ 106,000 Variable expenses 118,580 72,630 45,950 Contribution margin 308,420 248,370 60,050 Traceable fixed expenses 239,000 194,000 45,000 Segment margin 68,620 56,380 12,240 Common fixed expense 41,275 30,956 10,319 Net operating income $ 27,345 $ 25,424 $ 1,921 I The common fixed expenses have been allocated to the divisions on the basis of sales. Required: a. What is the Grocery Division's break-even in sales dollars? $248,370/$321,000 * 100 = 77.37% $194,000 / 77.37%= $2507.31 b. What is the Convenience Division's break-even in sales dollars? $60,050 / $106,000 * 100= 56.65% $45,000 / 56.65%= $794.34 c. What is the company's overall break-even in sales dollars? $2,507.31 + $794.34 = $3,301.65 d. What would be the company's overall net operating income if the company operated at its two division's break-even points