(4 Marks) Break-Even Analysis Given the following information, perform a simple, annual break-even analysis. State the formula, determine the annual sales required and the number of total customers required if the break-even point was to be reached at the end of the first year. Show all your calculations Expenses and Costs Rent is $2,000/month Professional fees are $2,000/yr. Equipment is $11,000/yr, which has a depreciation of 20%/yr. Insurance is $1,000/yr. Wages are $18,000/yr. plus a 5% sales commission Start-up inventory is $4,000. Cost of Goods is 35% of sales, Average purchase amount per paying customer is $100. One out of every two potential customers who enter the store will be a paying customer What is the break-even sales figure? How many potential customers will the business require to break-even