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High-Low Method Madrigal Theater Company is interested in estimating fixed and variable cost. The following data are available COST No. of Tickets Sold JANUARY $160,000 19,000 FEB 190,000 22,000 MARCH 215,000 28,000 APRIL 217,000 28,000 MAY 209,500 29,500 JUNE 194,500 24,500 JULY 240,000 35,000 AUGUST 172,000 20,000 SEPTEMBER 185,000 22,000 OCTOBER 202,000 26,000 NOVEMBER 191,500 23,500 DECEMBER 207,000 30,000REQUIRED: 1. USE THE HIGH-LOW METHOD TO ESTIMATE FIXED COST PER MONTH AND VARIABLE COST PER TICKET SOLD (IE.ESTIMATE A & B IN THE EQUATION COST = a +(b = # of tickets) using the high low method. 2. MADRIGAL THEATER COMPANY IS CONSIDERING AN ADVERTISING CAMPAIGN THAT IS EXPECTED TO INCREASE ANNUAL SALES BY 15,000 TICKETS. ASSUME THAT THE TICKETS SELLING PRICE IS $25; IGNORING THE COST OF THE ADVERTISING CAMPAIGN, WHAT IS THE EXPECTED INCREASE PROFIT ASSOCIATED WITH THE ADVERTISING CAMPAIGN