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 $ 1.112.800 $ 618,000 $494,800 Cost of goods sold Selling expenses Administrative expenses 529,000 92.000 437,000 153.000 60,000 93,000 $ 1.794.800 $ 770,000 $ 1.024,800 Management is considering the following independent alternatives for 2020 1 2 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 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 69.0 2512 and final ansu decimal places, e.g. 2,510.) answer to o Break-even point s 2040000 (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 es. 0.251 and final answers to decimal places, es 2,510) Break-even point 1 Increase selling price $ 2. Change compensation $ (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 decimal places, es 2,510.) Break-even point 1. Increase selling price $ 2. Change compensation $ 3. Purchase machinery $ Which course of action do you recommend