Show Attempt History Current Attempt in Progress Sheridan Beauty Corporation manufactures cosmetic products that are sold through a network of sales agents. The agents are paid a commission of 18% of sales. The income statement for the year ending December 31, 2020, is as follows. SHERIDAN BEAUTY CORPORATION Income Statement For the Year Ended December 31, 2020 Sales $79,700,000 Cost of goods sold Variable $32,677,000 Fixed 8,500,000 41,177,000 Gross margin $38,523,000 Selling and marketing expenses Commissions $14,346,000 Fixed costs 10,060,700 24,406,700 Operating income $14,116,300 The company is considering hiring its own sales staff to replace the network of agents. It will pay its salespeople a commission of 9% and incur additional fixed costs of $7,173,000 (a) X Your answer is incorrect. Calculate the company's break-even point in sales dollars for the year 2020 if it hires its own sales force to replace the network of agents. Break-even point $ 45270000 e Textbook and Media Attempts: 3 of 15 used Save for Later Submit Answer (c1) The parts of this question must be completed in order. This part will be available when you complete the part above