5. TheincomestatementforHylandCompanyfor2014 appearsbelow:Hyland CompanyIncome S

5. TheincomestatementforHylandCompanyfor2014 appearsbelow:Hyland CompanyIncome StatementFor the Year Ended December 31 2014Salesrevenue(40000 units)1000000Variableexpenses700000Contributionmargin300000Fixedexpenses345000Netincome(loss)(45000)InstructionsAnswerthe followingindependentquestionsandshowcomputationstosupportyouranswers:1. Whatwasthecompany sbreak-evenpointinsalesdollarsin2014?2. Howmanyadditionalunitswouldthecompanyhavetosellin2015 (comparedto2014) inorderto earnnetincomeof$45000?3. Ifthecompanyisabletoreducevariablecostsby$4.50 perunitin2015 and othercostsandunit revenuesremainunchangedhowmanyunitswillthecompanyhavetosellinordertoearnanet incomeof$45000?