Spencer Company's most recent monthly contribution format income statement is given below: Sales $60,000 Less variable expenses 45,000 Contribution margin 15,000 Less fixed expenses 18,000 Net loss ($ 3,000) The company sells its only product for $10 per unit. There was no beginning or ending inventories. Required: a. What are total sales in dollars at the break-even point? b. What are total variable expenses at the break-even point? c. What is the company's contribution margin ratio? d. If unit sales were increased by 10% and fixed expenses were reduced by $2,000, what would be the company's expected net income? (Prepare a new income statement.)