7. Use the following information to calculate the following transactions: A\&B Company launched a new product. 1. Units sold =14,500 2. Price Per Unit =$78 3. Variable Expenses =$48 per unit 4. Fixed Expenses =$514,200 per year. Please Note: The questions below are ( 3 points each / 12 possible points) (Correct response = 2 points each | show your work = 1 point each) a. What was the net operating (loss/gain) last year? (You must indicate loss or gain to receive credit). b. What does the product's beak-even point in unit sales and dollar sales? (Both responses are required to receive full credit for this question.) c. How many units would have to be sold to earn $44,500 units? Would they have to reduce or raise the selling price per unit? (Provide both responses to get full credit for this response.) d. Using the selling price determined in item c above, calculate the break-even point in unit sales and in dollar sales be. (Provide both responses to get full credit for this response.)