MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VER Problem 6-1A omework Midlands Inc, had a bad year in 2016. For the first time in its history, it operated at a loss. The company's income statement showed the following results selling 76,000 units of product: net sales $1,520,000; total costs and expenses $1,780,000: and net loss $260,000. Costs and expenses consisted of the 2 (Part nission) Cost of goods sold Selling expenses Administrative expenses $1,117,000 514,000 149,000 $1,780,000 $611,000 93,000 56,000 $760,000 $506,000 421,000 93,000 $1,020,000 mission) -2A (Part mission Management is considering the following independent altenatives for 2017. 1. Inrease unt semng price 30% with no change,in costs and expenses. 2. Change the compensation of salespersons from foxed annual salaries totaling $199,000 to total salaries of $36,000 plus a 59% commission on net sales 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to s0:s0. re (a) Compute the break-even point in dollars for 2016. (Round contribution margin ratio to 2 decimal places es in dolars for 2016. (Round contribution margin ratio to 2 decimal places e.g. o.25 and final answer to o decimal pla stive 2,510.) Break-even point (b) Compute the break-even point in dollars under each of the aternative courses of action for ernative courses of action for 2017. (Round contribution marpin ratio to 4 decimal places and final answers to O decimal places, e.g. 2,510.) and inal ansuvers te o decri mol ptiscesf the sternative courses of action for 2017.(Round contribution margin ratio to 4 decimatl poces 1. Increase selling price I 2. Change compensation s| Ask me anything