Last year Minden Company introduced a new product and sold 25.700 units of it at a price of $97 per unit. The product's varlable expenses are $67 per unit and its fixed expenses are $831,000 per year. Required: 1. What was this product's net operating income (loss) last year? 2. What is the product's break-even point in unit sales and dollar sales? 3. Assume the company has conducted a marketing study that estimates it can increase annual sales of this product by 5,000 units for each \$2 reduction in its selling price if the company will only consider price reductions in increments of \$2 (e 9. \$68. \$66. etc). What is the maximum annual profit that it can earn on this product? What sales volume and selling pnce per unit generote the maximum profit? 4. What would be the break-even point in unit sales and in dollar sales using the seling price that you determined in requirement 3 ? Complete this question by entering your answers in the tabs below. What was this product's net operating income (loss) last year