Crossfire Company segments its business into two regions$$East and West. The company prepared a contribution format segmented income statement as shown below: Total Company East West Sales $ $1,120,000$ $ $770,000$ $ $350,000$ Variable expenses $840,000616,000224,000$ Contribution margin $280,000154,000126,000$ Traceable fixed expenses $155,00065,00090,000$ Segment margin $125,000$ $ $89,000$ $ $36,000$ Common fixed expenses $70,000$ Net operating income $ $55,000$ Required: Compute the companywide break$-$even point in dollar sales. Compute the break$-$even point in dollar sales for the East region. Compute the break$-$even point in dollar sales for the West region. Prepare a new segmented income statement based on the break$-$even dollar sales that you computed in requirements $2$ and $3.$ What is Crossfire$$s net operating income $($loss$)$ in your new segmented income statement? Do you think that Crossfire should allocate its common fixed expenses to the East and West regions when computing the break$-$even points for each region?