Problem 6-1A 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 from selling 75,000 units of product: net sales $1,875,000; total costs and expenses $1,780,000; and net loss $95,000. Costs and expenses consisted of the following. Total Variable Fixed Cost of goods sold Selling expenses Administrative expenses $1,103,000 $598,000 95,000 57,000 $1,780,000 750,000 $505,000 430,000 95,000 $1,030,000 525,000 152,000 Management is considering the following independent alternatives for 2017. I. Increase unit selling price 30% with no change in costs and expenses. 2. Ch ange the compensation of salespersons from fixed annual salaries totaling $200,000 to total salaries of $40,000 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed (a) Compute the break-even point in dollars for 2016. (Round contribution margin ratio to 2 decimal places e. g. 0.25 and final answer to O decimal places, e.g. 2,510 Break-even points (b) Compute the break-even point in dollars under each of the alternative courses of action for 2017. (Round contribution margin ratio to 4 decimal places e.g.0.2512 and final answers to O decimal places, e.g. 2,51o.)