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Wesley Co. sold 40,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year, as shown below. During a planning session for year 2020's activities, the production manager notes that variable costs can be reduced by 25% by installing a machine that automates several operations. To obtain these savings, the company must increase its annual fixed costs $20,000. The maximum output capacity of the company is 60,000 units per year. Contribution Margin Income Statement For the Year Ended December 31, 2019 Sales $1,000,000 Variable Costs 800,000 Contribution Margin 200,000 Fixed Costs 259,000 Net Loss (50,000) (Ensure answers are in comma format and do not contain extra spaces or symbols. Round your answers to whole numbers, do not include decimals. Examples: 100, 1,000, 2,500, etc.) 1. Compute the break-even point in dollar sales for 2019. 2. Compute the predicted break-even point in dollar sales for 2020 assuming the machine is installed and there is no change in the unit selling price or number of units sold. 3. Compute the predicted net income/loss for 2020 using the expected results with the machine installed. Assume that the unit selling price and the number of units sold will not change and no income taxes will be due. INEL LUSS TJU,UUU (Ensure answers are in comma format and do not contain extra spaces or symbols. Round your answers to whole numbers, do not include decimals. Examples: 100, 1,000, 2,500, etc.) 1. Compute the break-even point in dollar sales for 2019. 2. Compute the predicted break-even point in dollar sales for 2020 assuming the machine is installed and there is no change in the unit selling price or number of units sold. 3. Compute the predicted net income/loss for 2020 using the expected results with the machine installed. Assume that the unit selling price and the number of units sold will not change and no income taxes will be due. 4. Compute the sales level required in dollars to earn $100,000 of target pretax income in 2020 with the machine installed and no change in unit sales price. Round answers to whole dollars. 5. Compute the sales level required in units to earn $100,000 of target pretax income in 2020 with the machine installed and no change in unit sales price. Round answers to whole units