Type here to search The condensed income statement for the Lisa and Chris partnership for 2025 is as follows. Lisa and Chris Company Income Statement For the Year Ended December 31, 2025 Sales (270,000 units) Cost of goods sold Gross profit Operating expenses Selling Administrative Net loss $1,350,000 900,000 450,000 $315,000 163,000 478,000 $(28,000) 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 $92,800 fixed. 34F Cloudy 400 AM 2/1/202 Lisa 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 unit selling price could be increased to $5.25. Lisa estimates that sales volume would increase by 25%. Compute net income under Lisa'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, e.g. 2,520.25.) Net income Break-even point in sales eTextbook and Media S Amounts