Question 4 Partially correct Mark 1.00 out of 4.00 CVP Analysis Using Published Financial Statements Condensed data in millions of dollars from Microsoft's 2019 and 2018 income statements follow: 2019 2018 $88 030 $77,252 Total cost of revenues and operating expenses 58,019 52711 Operating income $301071 $24541 Required 4. Develop a cost-estimation equation for Microsoft's annual cost of revenues and operating expenses using revenues as the activity. Note: Round fixed cost amount to the nearest whole million dollar. Note: Round the variable cost ratio to two decimal places (for example, round 0.6555 to 0.66] in your answer below and in all calculations. Total cost (in millions) = $ 21,259 * +$ 0.49 where X is revenue in millions of dollars. b. Determine Microsoft's annual break-even point. Note: Round amount to the nearest million dollar. 41,684 * million c. Predict operating profit for 2020, assuming 2020 sales of $105,000 million. Note: Round amount to the nearest million dollar. $ 55,241 * million