Problem 6-1A (Video) Midlands Inc. had a bad year in 2019. For the first time in its history. It operated at a loss. The company's income statement showed the following results from selling 10,000 to product: net sales $1,600,000; total costs and expenses $1,824,800; and net loss $224,000. Costs and expenses consisted of the following Total Variable Fixed Cost of goods sold $1,160,000 $652,000 $500,000 Selling expenses 515,800 91,000 424,800 Administrative expenses 149,000 57,000 92,000 $1,824,800 $800,000 $1,024,800 Management is considering the following independent alternatives for 2020. 1. Increase unit selling price 25% with no change in costs and expenses. 2. Change the compensation of salespersons from fixed annual salaries totaling $195,000 to total salaries of $41,985 plus a 5% 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 50:50 () Compute the break-even point in dollars for 2019. (Round contribution margin ratio tod decimal places eg. 0.2512 and final answer to decimal places, ... 2.510.) Break-even point $ of action for 2020. (Round contribution margin ratio to 3 decimal place 0.25 and final (1) Compute the break-even point in dollar under each of the alternative courses of action for 2020. (Round contribution margin ratio to 3 decimal places es. 0.251 and final .) Biak-even point 1. Increase selling price 2. Change compensation 3. Purchase machinery Which course of action do you recommend? Click if you would like to show Work for this question Open Show Work