The income statement for Bradford Machine Company for 2019 appears below. BRADFORD MACHINE COMPANY Income Statement For the Year Ended December 31, 2019 Sales (50,000 units) Variable expenses Contribution margin Fixed expenses Net income (loss) Instructions Answer the following independent questions: $1,000,000 700,000 300,000 360,000 $(60,000) 1. What was the company's break-even point in sales dollars in 2019? $1,200,000 2. How many units would the company have to sell in 2020 in order to earn a net income of $45,000? 14,000 3. If the company is able to reduce variable costs by $2.00 per unit in 2020 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? 40,500