Blue Company sold 30,000 units of its only product and incurred a $85,000 loss (ignoring taxes) for the current year as shown here. Du ring a planning session for year 2020's activities, the production manager notes that variable costs can be reduced 25% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual xed costs by $175,000. The maximum output capacity of the company is 55,000 units per year. Blue Company Contribution Margin Income Statement For Year Ending December 31, 2019 Sales $900,000 Variable $680,000 Contribution Margin $220,000 Fixed Cost $305,000 Net Loss $(85,000) 1. Compute the break-even point in dollar sales for year 2019. (Round your answers to 2 decimal places.) 2. Compute the predicted break-even point in dollar sales for year 2020 assuming the machine is installed and there is no change in the unit selling price. (Round your answers to 2 decimal places.) Sales Variable Contribution Margin Fixed Cost Total Fixed Cost Contribution Margin Ratio Breakeven in Dollars Sales Variable Contribution Margin Fixed Cost Total Fixed Cost Contribution Margin Ratio Breakeven in Dollars Total Sales Ratio of Sales Unit Cost Total Sales New Statement m Ratio of sales