I don't know how to do this question. I would really appreciate it if you could give me the answer with specific steps.

Required information Problem 21-4A Break-even analysis; income targeting and forecasting LO C2, P2, A1 The following information applies to the questions displayed below.J Astro Co. sold 19,700 units of its only product and incurred a $59,290 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2018's activities, the production manager notes that variable costs can be reduced 40% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs by $147,000. The maximum output capacity of the company is 40,000 units per year. Contribution Margin Income Statement For Year Ended December 31, 2017 Sales Variable costs Contribution margin Fixed costs $ 732, 840 549, 630 183, 210 242, 500 $ (59, 290) Net loss Problem 21-4A Part 2 2. Compute the predicted break-even point in dollar sales for year 2018 assuming the machine is installed and there is no change in the unit selling price. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Contribution margin pen Proposed unit Sales 37.20 Per unit Variable costs 27.90 X Per unit 9.30 Per unit Contribution margin Contribution Margin Ratio Choose Contribution Margin Ratio Choose Numerator: Denominator: Contribution margin per /Sales per unit Contribution margin ratio unit 25.00% Break-even point in dollar sales with new machine: Choose Break-Even Point in Choose Numerator: Denominator: Contribution margin ratio Dollars Total fixed costs Break-even point in dollars 25.00% X1,940,000 485,000x