5 Krait Products sells camping equipment. One of the company's products, a camp lantern, sells for $100 per unit. Variable expenses are $70 per lantern, and fixed expenses associated with the lantern total $141,600 per month. Required: 1. Compute the company's break-even point in number of lanterns and in total sales dollars. Break-even point in units sold Break-even sales in dollars Break-even Point 2. If the variable expenses per lantern increase as a percentage of the selling price, will it result in a higher or a lower break-even point? (Assume that the fixed expenses remain unchanged.) O Higher O Lower 3. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling 3. At present, the company is selling 8,850 lanterns per month. The sales manager is convinced that a 5% reduction in the selling price will result in a 20% increase in the number of lanterns sold each month. Prepare two contribution format income statements: one- under present operating conditions, and one as operations would appear after the proposed changes. Show both total and per-unit data on your statements. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Sales Present Proposed Total Per Unit Total Per Unit