Check my work 3 Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: Standard Deluxe Pro 3.75 Selling price per racket $ 60.00 $ 90.00 $ 100.00 points Variable expenses per racket: Production $ 36.00 $ 45.00 $ 36.00 Selling (5% of selling price) $ 3.00 $ 4.50 $ 5.00 eBook All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Print Per Month References Fixed production costs $ 136,000 Advertising expense 116,000 Administrative salaries 66,090 Total $ 318, 000 Sales, in units, over the past two months have been as follows: Standard Deluxe Pro Total April 2,000 1,000 5,000 8,000 May 8, 000 1,000 3,000 12, 000 Required: 1-a. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May. 3. Compute the Racket Division's break-even point in dollar sales for April. 4. Would the break-even point be higher or lower with May's sales mix than with April's sales mix? 5. Assume that sales of the Standard racket increase by $21,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,600? Do not prepare income statements; use the incremental analysis approach in determining your answer.Check my work 3 Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3 Reg 4 Req 5 3.75 points Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Book Standard Deluxe Pro Total Amount Amount Amount % Amount Print Sales 100 100 100 100 Variable expenses: Production References Selling Total variable expenses 0 0 O 0 0.0 O Contribution margin 100 $ o S 100 s 0 100.0 Fixed expenses: Production Advertising Administrative Total fixed expenses Net operating income3 Complete this question by entering your answers in the tabs below. Req 1A Req 18 Reg 3 Reg 4 Req 5 3.75 points Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Book Standard Deluxe Pro Total Amount Amount Amount Amount % Sales 100 100 100 100 Print Variable expenses: References Selling Total variable expenses 0 0 0 0 0 0 0.0 $ 100 $ 0 100 $ 100 $ 0 100.0 Fixed expenses: Production Advertising Administrative Total fixed expenses Net operating income