USE THE FOLLOWING INFORMATION FOR QUESTIONS 11-15: Below is an income statement for Spencer Company as of 12/31/2022 : 11. Based on the cost and revenue structure on the Spencer Company income statement, what was Spencer's break-even point in dollars (using the Y-formula)? a. $444,444 b. $111,111 c. $333,333 d. $222,222 12. What was Spencer's margin of safety (rounded to the nearest whole number)? a. 24% b. 34% c. 44% d. 14% 13. What is Spencer's degree of leverage (DOL) for 2022 ? a. 1.25 b. 2.25 c. 3.25 d. 4.25 14. Using a DOL for 2022 equal to 3.00, if Spencer Company expects sales to decrease 5% in 2023 , by how much will the net income decrease by in 2023 ? A. $5,000 B. $15,000 C. $20,000 D. $25,000 E. $30,000 15. Based on the cost and revenue structure on the Spencer income statement, in order to earn a target net income equal to 40% of sales, what would Spencer's sales dollars have to equal (using the Y-formula)? a. $514,286 b. $714,286 c. $814,286 d. $614,286