1) | CVP, nonprofit event planning. The American-Canadian Chamber of Commerce is planning its July 4 gala ball . There are two possible plans : a. Toronto Country Golf Club, which has a fixed rental cost of S2,000 plus a charge of $80 per person for its own catering of meals and serving of drinks and hors d'oeuvres b. Toronto Town Hall , which has a fixed rental cost of $6,600. The Cham- ber of Commerce can hire a caterer for meals and waiters and waitresses to serve drinks and hors d'oeuvres at S60 per person. The Chamber of Commerce budgets $3,500 in costs for adminis- tration and marketing. The band will cost a fixed amount of $2,500. Tickets to this prestige event will be $120 per person. All the drinks served and the prizes given away at the ball will be donated by corporate sponsors. REQUIRED 1. Compute the breakeven point for each plan in terms of tickets sold. 2. Compute the operating income of the ball (a) if 150 people attend and (b) if 300 people attend Comment on your results . 3. At what level of tickets sold will the two plans have the same operating