A traveling production of the Phantom of the Opera performs each year. The average show sells 1.000 tickets at $45 per ticket There are 110 shows each year. The show has a cast of 60. Each earning an average of $330 per show. The cast is paid only after each show the other variable expense is program printing costs of $9 per guest. Annual fixed expenses total $243.000. Read the requirements. Compute revenue and variable expenses for each show the revenue for each show is $ the variable expenses for each show are $ Use the income statement equation approach to compute the number of shows needed annually to breakeven. Begin by determining the base income statement equation. = Operating income Using the base income statement equation you determined above. Solve for the number of shows to breakeven. The number of shows needed annually break evens is Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $2.041.200 is this goal realistic? Give your reason. Begin by selecting the formula. Using the equation, you determined above, solve for target number of shows. The number of shows needed annually to earn a profit of $2.041200 is the profit goal of $2.041200 is since The Phantom of the Opera currently performs 110 shows a year. Prepare the Phantom of the Opera's contribution margin income statement for 110 shows each year. Report only two categories of expenses: variable and fixed. The Phantom of the Opera Contribution Margin Income Statement Year Ended December31