Sheridan 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 550,500 units of product: sales $2,752,500, total costs and expenses $2,855,400, and net loss $102,900. Costs and expenses consisted of the amounts shown below. Cost of goods sold Selling expenses Administrative expenses Total $2,348,940 275,250 231,210 $2,855,400 Variable $1,805,640 101,292 74,868 $1,981,800 Fixed $543,300 173,958 156,342 $873,600 Management is considering the following independent alternatives for 2021. 1. Increase unit selling price 20% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $165,150 to total salaries of $66,060 plus a 4% commission on sales. Compute the break even point in dollars for 2020 Break.even point 3120000 Compute the contribution margin under each of the alternative Tourses of action. Contribution margin for alternative 1 9% Contribution margin for alternative 2 70 Compute the break-even point in dollars for 2020. Break-even point 3120000 Compute the contribution margin under each of the alternative courses of action. Contribution margin for alternative 1 % Contribution margin for alternative 2 % Compute the break-even point in dollars under each of the alternative courses of action. Break-even point for alternative 1 Break-even point for alternative 2 $ Which course of action do you recommend