Hello, Will you please help me solve the two problems below? For the fist time in its history, it operated at a loss. The company’s income statement showed the following results from selling 500,000 units of product: sales $2,500,000 , total costs and expenses $2,600,000, and net loss $100,000. Costs and expenses consisted of the amounts shown below: Total Variable Fixed Costs of goods sold $2,140,000 $1,590,000 $550,000 Selling expenses 250,000 92,000 158,000 Adminstrative expenses 210,000 68,000 142,000 $2,600,000 $1,750,000 850,000 Management is considering the following independent alternatives for 2018 1. Increase selling price 20% with no change in costs, expenses, and sales volume . 2. Change the compensation of salesperson from fixed annual salaries totaling $150,000 to total salaries of $60,000 plus a 5% commission on sales. Instructions (a) Compute the break-even point in dollars for 2017. (b) Compute the break-even point dollars under each of the alternatives courses of action, (Round all ratios to nearest full percent). Which course of action do you recommend?