Crossfire Company segments its business into two regionsEast and West. The company prepared a contribution format segmented income statement as shown below: Total CompanyEastWestSales$ $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 you computed in requirements $2$ and $3.$ What is Crossfires net operating income $($loss$)$ in your new segmented income statement?Do you think Crossfire should allocate its common fixed expenses to the East and West regions when computing the break$-$even points for each region?