Use the following information to answer Questions 7 through 10. Cre8 Co. is a walk-in hair salon. Its selling prices, variable costs per unit, fixed costs and sales mix have remained stable over the past fiscal year and are expected to remain stable for the next year. Cre8 Co. presented the following information for its last fiscal year: Revenue $800,000 Expenses $850,000 Net operating income ($50,000) It also reported the following information: . 80% of the expenses in the last fiscal year were variable. . Fixed expenses consist entirely of salon rent and stylist salaries.Question 10 A graduate of a nearby beauty school has asked Cre8 Co. to hire him. Cre8 Co. expects that his mix of sales will be same as the average stylist. His salary would be $24,000 per year. What annual sales revenue would he need to generate in order for Cre8 Co. to breakeven on his salary? 0 $160,000 0 $30,000 0 None of the above. 0 $24,000