The condensed income statement for the Elizabeth and William partnership for 2022 is as follows. Elizabeth and William Company Income Statement For the Year Ended December 31, 2022 Sales (240,000 units) $1,200,000 Cost of goods sold 768,000 Gross prot 432,000 Operating expenses Selling $300,000 Administrative 157,300 457,300 Net loss $(25,300) 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 $94,900 xed. Elizabeth has proposed a plan to get the partnership "out of the red" and improve its protability. She feels that the quality of the product could be substantially improved by spending $0.41 more per unit on better raw materials. The unit selling price could be increased to $5.25. Elizabeth estimates that sales volume would increase by 25%. Compute net income under Elizabeth's proposal and the break-even point in sales dollars. (Round intermediate calculations to 2 decimal places, 2.3. 15.25 and break-even point in sale to 2 decimal places, 9.3. 2,520.25.) Amounts Net income $ Break-even point in sales $