E11-12 Break-even sales Obj. 3 Molson-Coors Brewing Company (TAP) reported the following operating information for a recent year (in millions): a. 94,147,059 barrels Sales Cost of goods sold Gross profit Marketing, general, and admin.expenses Operating income Before special items 3,568 (2,164) $1,404 (1.052) 352* Assume that Molson-Coors sold 120 million barrels of beer during the year, variable costs were 70% of the cost of goods sold and 40% of marketing, general, and adminis- trative expenses, and that the remaining costs are fixed. For the following year, assume that Molson-Coors expects pricing, variable costs per barrel, and fixed costs to remain constant, except that new distribution and general office facilities are expected to increase fixed costs by $100 million. Rounding to the nearest cent a. Compute the break-even sales (barrels) for the current year b. Compute the anticipated break-even sales (barrels) for the following year