Problem 19-1A Your answer is partially correct. Try again. Midlands Inc. had a bad year in 2016. 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 $2,310,000; total costs and expenses $2,180,000; and net loss $-130,000. Costs and expenses consisted of the following. Variable Cost of goods sold Selling expenses Administrative expenses Total $1,505,000 522,000 153,000 $2,180,000 $1,003,000 92,000 60,000 $1,155,000 Fixed $502,000 430,000 93,000 $1,025,000 Management is considering the following independent alternatives for 2017. 1. Increase unit selling price 20% with no change in costs and expenses 2. Change the compensation of salespersons from fixed annual salaries totaling $201,000 to total salaries of $36,000 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 2017. (Round contribution margin ratio to 2 decimal places e.g. 0.25 and final answer to O decimal places, e.g. 2,510.) Break-even point 2050000 (b) Compute the break-even point in dollars under each of the alternative courses of action. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answers to o decimal places, e.g. 2,510.) Break-even point 1. Increase selling price 1767241 2. Change compensation 1622642 3. Purchase machinery 1822143 Alternative 2 Which course of action do you recommend? Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT