The income statement for Bradford Machine Company for 2012 appears below. BRADFORD MACHINE COMPANY Income Statement For the Year Ended December 31, 2012 Sales (40,000 units) $1,000,000 Variable expenses 700,000 Contribution margin 300,000 Fixed expenses 360,000 Net income (loss) $ (60,000) Instructions Answer the following independent questions: (Use comma's but NO dollar signs) 1. What was the company's break-even point in sales dollars in 2012? 2. How many additional units would the company have had to sell in 2013 in order to earn net income of $45,000? 3. If the company is able to reduce variable costs by $2.50 per unit in 2013 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net income of $45,000?