Midlands Inc. had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 77.000 units of product: net sales $1,540,000, total costs and expenses $1.636,000; and net loss $96.000. Costs and expenses consisted of the following Ques Accou Total Variable Fixed Cost of goods sold $962,800 $466,000 $496,800 Selling expenses 524,200 94,000 430,200 Administrative expenses 149,000 56,000 93.000 $1,636,000 $616,000 $1,020,000 Ques Accoun Quest Account Quest Accountie Questio Accounte Management is considering the following independent alternatives for 2020 1. Increase unit selling price 25% with no change in costs and expenses. Questio Accounting 2. Change the compensation of salespersons from fixed annual salaries totaling $197,000 to total salaries of $40,005 plus a 5% commission on net sales. Viewing Accounting 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 2019. (Round contribution margin ratio to 4 decimal places eg 0.2512 and final answer to O