Question 1 The company that you work for as a managerial accountant (Twitter) uses independent agents to sell its products. These agents are currently being paid a commission of 15% of the sales price but are asking for an increase to 25% of sales made during the coming year. You had already prepared the following income statement for the company based on the 15% commission: Income Statement For Year Ending December 31, 2022 Sales 5 2.000,000.00 Cost of goods sold (60% variable costs 40% fixed costs) $ 1,500,000.00 Gross profit 500,000.00 Selling and administrative expenses Commissions only $ 300,000-00 Fixed costs $ 75.000.00 $ 3,750.000.00 Income before taxes 125,000.00 Income tax expense (20%) 25.000.00 Operating income $ 100,000 Management wants to examine the possibility of employing the company's own salespeople. The company would need a sales manager at an annual salary of $75,000 and three sales people at an annual salary of $25,000 each, plus a commission of 5% of sales. All other fixed costs, as well as the variable cost percentages would remain the same as in the above pro forma income statement. The new CEO Elon Musk informs you that if you don't perform the calculations correctly that you, the sales agents, and your mother will be fired, even if she doesn't work at Twitter. Required: A. Based on the provided information calculate the break-even point in sales dollars for the company for the year ending December 31, 2022. B. Calculate the break-even point in sales dollars for the year ending December 31, 2022, if the company uses its own salespeople.C. Calculate the volume of sales dollars required for the year ending December 31, 2022, to have the same operating income as projected in the pro forma income statement if the company continues to use the independent sales agents and agrees to their demand for a 25% sales commission. D. Calculate the estimated sales volume in sales dollars that would generate an identical operating income for the year ending December 31. 2022, regardless of whether the company employs its own salespeople or continues to use the independent sales agents and pays them a 25% commission