The condensed income statement for the Michelle and Anthony partnership for 2022 is as follows. Michelle and Anthony Company Income Statement For the Year Ended December 31, 2022 Sales (300.000 units) $1.500.000 Cost of goods sold 1.040,000 Gross profit 460,000 Operating expenses Selling $350,000 Administrative 154.200 504,200 Net loss $(44.200) 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 $91.200 fixed (a) Your answer is correct Compute the break-even point in sales dollars and in sales units for 2022. (Round intermediate calculations to 2 decimal places as 15.25 and final answers to decimal places, es 2,520) Break even point in sales dollars $ 16300001 326000 units Break-even point in units e Textbook and Media Annmate totused Your answer is correct Compute the break-even point in sales dollars and in sales units for 2022 (Round intermediate calculations to 2 decimal places, eg. 15.25 and final answers to decimal places, es 2,520) Break-even point in sales dollars $ 1630000 1 Break-even point in units 326000 units eTextbook and Media Attempts: 1 of 3 used (b) Michelle 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 $0.27 more per unit on better raw materials. The unit selling price could be increased to $525. Michelle estimates that sales volume would increase by 25% Compute net income under Michelle's praposal and the break-even point in sales dollars. (Round intermediate calculations to 2 decimal places, es. 15.25 and break-even point in sale to 2 decimal places, eg. 2,520.25) Amounts Net income Break-even point in sales $