Problem 18-4A a-b (Video) Wildhorse Corp's sales slumped badly in 2020. For the first time in its history, It operated at a loss. The company's income statement showed the following results from selling 520,500 units of product: sales $2,602,500, total costs and expenses $2,699,520, and net loss $97,020. Costs and expenses consisted of the amounts shown below Total Variable Fixed Cost of goods sold $2,220,660 $1,707,240 $513,420 Selling expenses 260,250 95,772 164,478 Administrative expenses 218,610 70,788 147,822 $2,699,520 $1,873,800 $825,720 Management is considering the following independent alternatives for 2021 1. Increase unit selling price 20% with no change in costs, expenses, and sales volume 2. Change the compensation of salespersons from faced annual salaries totaling $156,150 to total salaries of $62,460 plus a 4% commission on sales. Compute the break-even point in dollars for 2020. Break-even point Compute the contribution margin under each of the alternative courses of action. Contribution margin for alternative 1 % Contribution margin for alternative 2 % Compute the break-even point in dollars under each of the alternative courses of action. Break-even point for alternative 1 $ Break-even point for alternative 2 Which course of action do you recommend? Click if you would like to Show Work for this question: Open Show Work