The condensed income statement for the Jennifer and Richard partnership for 2022 is as follows. Jennifer and Richard Company Income Statement For the Year Ended December 31, 2020 Sales (216,000 units) Cost of goods sold Gross profit Operating expenses Selling Administrative Net loss $270,000 137,250 $1,080,000 720,000 360,000 407,250 $(47,250) 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 $83,250 fixed. 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 $83,250 fixed. (a) Your answer is correct. Compute the break-even point in total sales dollars for 2022. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 2,520.) Break-even point in dollars $ eTextbook and Media 1215000 Jennifer has proposed a plan to get the partnership "out of the red" and improve its profitability. She feels that the quality of the product could be substantially improved by spending $0.32 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Jennifer estimates that sales volume will increase by 25%. Compute the net income under Jennifer's proposal and the break-even point in dollars. (Round intermediate calculations to 4 decimal places, e.g. 15.2515 and final answers to 2 decimal places, e.g. 15.25.) Amount Net income $ Break-even point $ 69