Required information [The following information applies to the questions displayed below] The Jurassic Classics has four employees on its sales team and uses a compensation that provides each person with a base salary of $49,600 per year and the opportunity to earn commission on sales. The current commission is 5% of gross sales, and sales for the most recent period were $3,100,000 Management is considering making a change to the compensation system and wants to evaluate two possible alternatives: going to a strictly commission-based compensation system and going to purely salary-based compensation. The strictly commission-based method would eliminate the salary but raise the commission to 11% of sales. If the purely salary-based approach is adopted. the salary for each person would rise to $86,800 and the commission would be eliminated. Required: 1. Compute the total compensation of the sales team for all three options at $2,480,000, $3,100,000, and $3,480,000 of total sales. 2. What sales level would make management indifferent between the current compensation structure and the strictly commission-based structure? What is the point of indifference between the current structure and the pure salary-based structure? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the total compensation of the sales team for all three options at $2,480,000, $3,100,000, and $3,480,000 of total sales. Sales Current Method Commission Only Salary Only $ 2,480,000 $ 3,100,000 S 3,480,000 Required 2 >