The condensed income statement for the Maria and Richard partnership for 2022 is as follows. Maria and Richard Company Income Statement For the Year Ended December 31, 2022 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross prot 400,000 Operating expenses Selling $280,000 Administrative 154,300 434,300 Net loss $64,300) A cost behavior analysis indicates that 75% of the cost of goods sold are variable and 42% of the selling expenses are variable. Administrative expenses are $91,900 xed. (a) (b) Maria 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 $0.32 more per unit on better raw materials. The unit selling price could be increased to $5.25. Maria estimates that sales volume would increase by 25%. Compute net income under Maria's proposal and the break-even point in sales dollars. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and break-even point in sale to 2 decimal places, eg. 2,520.25.) Amounts Net income $ Break-even point in sales $