Crane Corp's sales slumped badly in 2020. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 590,500 units of product: sales $2,952,500, total costs and expenses $3,050,875, and net loss $98,375. Costs and expenses consisted of the amounts shown below. Total Variable Fixed Cost of goods sold $2,507,615 $2.025,415 $482,200 Selling expenses 295,250 Administrative expenses 248,010 108,652 80,308 186.598 167,702 $3,050,875 $2,214,375 $836,500 Management is considering the following independent alternatives for 2021. 1. Increase unit selling price 25% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $177.150 to total salaries of $70.860 plus a 5% commission on sales. (a) Compute the break-even point in dollars for 2020. Break-even point $ eTextbook and Media Save for Later