The condensed income statement for the Barbara and William partnership for 2022 is as follows. Barbara and William Company Income Statement For the Year Ended December 31, 2020 Sales (206,400 units) $1,032.000 Cost of goods sold 688,000 Gross profit 344,000 Operating expenses Selling $258,000 Administrative 131,150 389,150 Net loss $(45,150 ) A cost behavior analysis indicates that 75% of the cost of goods sold are variable and 40% of the selling expenses are variable. Administrative expenses are $79,550 fixed. William was a marketing major in college. He believes that sales volume can be increased only by intensive advertising and promotional campaigns. He therefore proposed the following plan as an alternative to Barbara's: (1) increase variable selling expenses to $0.575 per unit, (2) lower the selling price per unit by $0.25, and (3) increase fixed selling expenses by $43,860. William quoted an old marketing research report that said that sales volume would increase by 60% if these changes were made. Compute the net income under William's proposal and the break-even point in dollars. (Round intermediate calculations to 3 decimal places, e.g. 15.251 and final answers to 0 decimal places, e.g. 2,520.) Amount Net income $ Break-even point $