-/5 E Question 4 of 4 Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 77,000 units of product: net sales $1,540,000; total costs and expenses $1,939,000; and net loss $399.000. Costs and expenses consisted of the following. Cost of goods sold Selling expenses Administrative expenses Total $1.278,800 511,200 149.000 $1,939,000 Variable $778,000 90,000 56,000 $924,000 Fixed $500,800 421,200 93.000 $1,015,000 Management is considering the following independent alternatives for 2020. Increase unit selling price 20% with no change in costs and expenses. Change the compensation of salespersons from fixed annual salaries totaling $198,000 to total salaries of $45,015 plus a 5% commission on net sales Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 1. 2. 3. 50:50 (a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places eg. 0.2512 and final answer to O decimal places, e... 2,510.) Break-even point th) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places es 0.251 and final answers to decimal places, e3.2.510) Break-even point 1. Increase selling price $ 2 Change compensation $ 3 Purchase machinery $