High Tech, Inc., and OidTime Co.compete within the same industry and had the following operating results in 2015: Sales Variable expenses $3.200,000 640,000 S3,.200,000 1,920,000 2,560,000$1.280.000 780,000 500,000 500,000 Fixed expenses Operating income 2 060,000 Required: a. Calculate the break-even point for each firm in terms of revenue. (Do not round intermediate calculations.) HighTech, Inc OldTime Co b. what observations can you draw by examining the break-even point of each firm given that they eaned an equal amount of operating income on identical sales volumes in 2015? The breakeven point for each firm is different because each firm has a different amount of fixed costs to be recovered The breakeven point for both fiems is same because both the firms have same amount of Exed costs to be recovered c.1 Calculate the amount of operating income (or loss) that you would expect each firm to report in 2016 if sales were to increase by 20%. (Losses should be indicated by minus sign.) HighTech, Inc OidTime Co c.2 Calculate the amount of operating income (or loss) that you would expect each firm to report in 2016 if sales were to decrease by 20%. (Losses should be indicated by minus sign.) High Tech, Inc OldTime Co. d. Using the amounts computed in requirement e, calculate the i operating income expected in 2016 from the amount reported in 2015 increase or decrease in the amount of Increase (Decrease) with 20% sales increase Increase (Decrease) with 20% sales decrease