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.Return to question 3 Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total 3.75 Amount % Amount % Amount Amount points Sales $ 120,000 100 ~ $ 90,000 100 $ 500,000 100 $ 710,000 100 Variable expenses: Production 72,000 60 45,000 50 180,000 36 297,000 41.8 Selling 6,000 5 0 4,500 Total variable expenses 78,000 65 49,500 50 180.000 36 307,500 41.8 Contribution margin 42,000 35 $ 40,500 50 $ 320,000 64 402,500 58.2 Fixed expenses Production Advertising Administrative Total fixed expenses 0 Net operating income $ 402,500