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 75,000 units of product: net sales $1,500,000; total costs and expenses $1,900,000; and net loss $400,000. Costs and expenses consisted of the following. Total Variable FixedCost of goods sold $1,240,000 $755,000 $489,000Selling expenses 515,000 90,000 425,000Administrative expenses 145,000 55,000 90,000$1,900,000 $900,000 $1,000,000Management is considering the following independent alternatives for 2020.1. Increase unit selling price 20% with no change in costs and expenses.2. Change the compensation of salespersons from fixed annual salaries totaling $195,000 to total salaries of $35,000 plus a 5% commission on set sales.3. Purchase new high-tech factory machinery that will change the proportion between the variable and fixed cost of goods sold to 50:50(a) Compute the break-even point in dollars for 2019.(b) Compute the break-even point in dollars under each of the alternative courses of action for 2020.Break-even point1. Increase selling price $2. Change compensation $3. Purchase machinery $