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 505,500 units of product: sales $2,527,500, total costs and expenses $2,411,625, and net loss $84,125. Costs and expenses consisted of the following amounts. Total Variable Fixed Cost of goods sold $2,146,545 $1,730,865 $412.700 Selling expenses 252,750 93,012 159.738 Administrative expenses 212,210 58,748 143.562 92,611,425 $1,895,625 $716,000 Management is considering the following independent alternatives for 2023. 1. Increase unit selling price 20#% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $151,650 to total salaries of $40,460 plus : 5M commission on sales. Your Answer Correct Answer (Used] Compute the break-even point in dollars for 2022. Break-even point 2,864,000 (b) Compute the contribution margin ratio under each of the alternative courses of action. (Round answers to 2 decimal places, eg 21.22.) Contribution margin ratio for alternative 1 Contribution margin ratio for alternative 2 Compute the break-even point in dollars under each of the alternative courses of action. Break-even point for alternative 1 S Break-even point for alternative 2 S Which course of action do you recommend