Hinton's Beanery is a locally owned specialty food product company in Northeast Ohio that has been in existence for over 30 years. Its products include flavored coffees and teas, dips, dressings, sauces, and seasonings. Each of the shows that Hinton's attends has a different booth rental fee. Booth rental fees can range from $700 to $6,000 for each show. Assume that the booth rental fee at the Great Big Home + Garden Show is $4,880 for the five-day show and that Hinton's has an average contribution margin ratio of 40% on its products. (Click the icon to view additional information.) Read the requirements. ..... Requirement 1. How much in sales does Hinton's need to break even on the Great Big Home + Garden Show, assuming that the booth rental fee is the only fixed cost of the show? Identify the formula and then compute the breakeven point in dollars. (Complete all answer boxes. Enter a "0" for any zero amounts. Enter ratios, if any, as a decimal to two places, X.XX.) Breakeven sales ( Fixed expenses + Operating income ) + Contribution margin ratio in dollars ( $ 4,880 + 0 ) + 0.40 $ 12,200 Requirement 2. The Great Big Home + Garden Show runs for five days. How much, on average, must Hinton's sell each day of the show to break even? Hinton's must sell each day to break even