Problem 5-4 (Video) (Part Level Submission) 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 505,500 units of product: sales $2,527,500, total costs and expenses $2,611,875, and net loss $84,375. Costs and expenses consisted of the amounts shown below Total Fixed Variable Cost of goods sold $1,733,865 $2,146,815 $412.950 Selling expenses 252,750 93,012 159,738 143.562 Administrative expenses 212,310 68,748 $716,250 $2,611,875 $1,895,625 Management is considering the following independent alternatives for 2021. 1. Increase unit selling price 25% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from foxed annual salaries totaling $151.650 to total salaries of $60,660 plus a 5% commission on sales (a) Compute the break even point in dollars for 2020 Break-even point Open Show Work Click if you would like to Show Work for this question: By accessing this Questin Assistance, you will learm while you earm ponts based on the Point Potential Policy set by your instructor SUBHET ANSWER SAVE 1OR LATER Attempts: 0 of 15 used (b) Thes part will be available when you complete the part above The parts of the question must be completed in order