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 $ 1,794,800; and net loss $ 254,800. Costs and expenses consisted of the following Total Variable Fixed Cost of goods sold Selling expenses Administrative expenses $1,112,800 529,000 153,000 $1,794,800 $618,000 92,000 60,000 $770,000 $494,800 437,000 93,000 1,024,800 Management is considering the following independent alternatives for 2020. Increase unit selling price 25% with no change in costs and expenses. Change the compensation of salespersons from fixed annual salaries totaling $ 201,000 to total salaries of $. 36,015 plus a 5% commission on net sales. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50 " 2. 3. (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 decimal places, e.g. 2,510.) Break-even point 2049600 (b) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places eg. 0.251 and final answers to O decimal places, eg. 2,510.) Break-even point 1. 2. 3. Increase selling price Change compensation Purchase machinery Which course of action do you recommend