Question 13 of 13 0/1 E Midlands Inc. had a bad year in 2019. 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 $ 1,540,000; total costs and expenses $ 1,794,800; and net loss $ 254.800. Costs and expenses consisted of the following. Total Variable Fixed Cost of goods sold $ 1,112,800 $ 618,000 $ 494,800 Selling expenses 529,000 92,000 437,000 Administrative expenses 153.000 60,000 93,000 $ 1,794,800 $ 770,000 $ 1,024,800 Management is considering the following independent alternatives for 2020. 1. 2. Increase unit selling price 25% with no change in costs and expenses. Change the compensation of salespersons from fixed annual salaries totaling $ 201,000 to total salaries of $ 36,015 plus a 5% commission on net sales. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. 3. (a) Compute the break-even point in dollars for 2019. (Round contribution margin ratio to 4 decimal places e.g. 0.2512 and final answer to o decimal places, e.g. 2,510.) Break-even point $ (b) Compute the break-even point in dollars under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places e.g. 0.251 and final answers to decimal places, e.g. 2,510.) Break-even point 1. Increase selling price $ 2. Change compensation $ TA 3. Purchase machinery $