Check My Work (2 remaining) eBook The Warren Watch Company sells watches for $25, fixed costs are $160,000, and variable costs are $14 per watch. a. What is the firm's gain or loss at sales of 7,000 watches? Loss, if any, should be indicated by a minus sign. Round your answer to the nearest cent. any, should be indicated by a minus sign. Round your answer to the nearest cent. What is the firm's gain or loss at sales of 16,000 watches? Loss, $ b. What is the break-even point (unit sales)? Round your answer to the nearest whole number. units c. What would happen to the break-even point if the selling price was raised to $34? -Select- d. What would happen to the break-even point if the selling price was raised to $34 but variable costs rose to $23 a unit? Round your answer to the nearest whole number. -Select -Select- The result is that the break-even point decreases. The result is that the break-even point remains unchanged. The result is that the break-even point increases Check My Work (2 remaining) Icon Key Problem 13.06 (Break-Even Analysis) Question 7 of 10