Part II. Problems ( 50 points total) *on Note: Show as much work as possible for partial-creditt!l * (Apologies about the formatting/alignment of the numbers - there's no way to get them in a straight column in Canvas) Use these financials for Problems 1 and 2. 1. During its most recent year of operations, the Nooga Corporation produced the following income statement results. Costs of goods sold are expected to vary with sales and be a constant percentage of sales. The general and administrative employees have been hired and are expected to remain a fixed cost. Marketing expenses are also expected to remain fixed since the current sales staff members are expected to remain on fixed salaries and no new hires are planned. The effective tax rate is expected to be 25 percent for a profitable firm. 1. What are the breakeven (survival) revenues for Nooga Corporation? 2. For Nooga Corporation (in Problem 1), assume that the product selling price is $8 per unit. What is the breakeven point in terms of the number of units that will have to be sold