Midlands Inc. had a bad year in 2016. For the first time in its history, it operated at a loss. The company's income statement s following results from selling 77,000 units of product: net sales $1,540,000; total costs and expenses $1,631,000; and net loss $91,000. the Total Variable Fixed Cost of goods sold Selling expenses $494,000 428,000 93,000 $1,015,000 $964,000 $470,000 90,000 S18,00056,000 149,000 $1,631,000 $616,000 Management is considering the following independent alternatives for 2017. 1. Increase unit selling price 20% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salaries totaling $198,000 to total salaries of $45,000 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. (a) Compute the break-even point in dollars for 2017. (Round contribution margin ratio to 2 decimal places e.g. 0.25 and final answer to 0 decimal places, e.g. 2,510.) point 1691667 (b) C decimal places e.g. o.2512 and final answers to o decimal places, e.g. 2,510.) Break-even point 1522500 2. Change compensation 1567273 3. Purchase machinery 693661