The condensed income statement for the Sandra and Kenneth partnership for 2022 is as follows. Sandra and Kenneth Company Income Statement For the Year Ended December 31, 2020 Sales (264.000 units) $1,320,000 Cost of goods sold 880,000 Gross profit 440,000 Operating expenses Selling $330.000 Administrative 167,750 497,750 Net loss $(57,750) 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 $101,750 fixed. (a) Your answer is correct. Compute the break-even point in total sales dollars for 2022. (Round intermediate calculations to 2 decimal places, eg. 15.25 and final answers to decimal places, e.g. 2,520.) Break-even point in dollars $ 1485000 i eTextbook and Media Attempts: 1 of 3 used Using multiple attempts will impact your score. 50% score reduction after attempt 2 Sandra 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. Sandra estimates that sales volume will increase by 25%. Compute the net income under Sandra's proposal and the break-even point in dollars. (Round intermediate calculations to 4 decimal places, eg. 15.2515 and final answers to 2 decimal places, eg. 15.25.) Amount Net income $ Break-even point $ e Textbook and Media Attempts: 0 of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 2