Friendly Airways Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. The planes seat 10 passengers each, and they fly commuters from Friendly's base airport to the major city in the province, Metropolis. Each month, 40 round-trip flights are made. Shown below is a recent month's activity in the form of a cost-volume-profit income statement. Fare revenues (400 fares) Variable costs $50,400 Fuel $20,810 Snacks and drinks 1,400 Landing fees 1,810 Supplies and forms 1,180 25,200 Contribution margin 25,200 Fixed costs Depreciation 2,890 Salaries 11,910 Advertising 2,170 Airport hangar fees 1,930 18,900 Operating income $6,300 Your answer is partially correct. Calculate the break-even point in dollars and number of fares. Break-even point $ Break-even point 37,800 fares