1. The Famagusta Inn's income statement is as follows: Revenue Variable Costs Contribution Margin Rooms 5,500,000 1,200,000 4,300,000 Food 3,000,000 1,000,000 2,000,000 Total 8,500,000 2,200,000 6,300,000 Fixed Costs Pretax Income Taxes Net Income 2,000,000 4,300,000 1,075,000 3,225,000 *Includes Lease Expense of $700,000 Required: a) What is the breakeven point for the Famagusta Inn? b) If the fixed cost lease is traded for a variable lease of 10% of total sales, what is the revised breakeven point for the Famagusta Inn? Enter your