Blossom Corp's sales slumped badly in 2022. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 500,500 units of product: sales $2,502,500, total costs and expenses $2,615,550, and net loss $113,050. Costs and expenses consisted of the following amounts. Total Variable Fixed Cost of goods sold $2,155,090 $1,491,490 $663,600 Selling expenses 250,250 92,092 158.138 Administrative expenses 210,210 68,068 142,142 $2,615,550 $1,651,650 $963,900 Management is considering the following independent alternatives for 2023. 1 Increase the unit selling price 20% with no change in total costs, total expenses, and sales volume. 2 Change the compensation of sales personnel from fixed annual salaries totaling $150,150 to total salaries of $60,060 plus a 6% commission on sales. All other total costs, total expenses, and total sales remain unchanged. Compute the contribution margin ratio under each of the alternative courses of action. Contribution margin ratio for alternative 1 Contribution margin ratio for alternative 2 % 96 Compute the break-even point in sales dollars under each of the alternative courses of action. Break-even point for alternative 1 $ Break-even point for alternative 2 $ Which course of action do you recommend? eTextbook and Media Alternative 1 Alternative 2