Imagination Park competes with Splash World by providing a variety of rides. Imagination sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Under these conditions, the breakeven point in tickets is 6,100 and the breakeven point in sales dollars is $427,000. Read the requirements. Requirement 1. Suppose Imagination Park cuts its ticket price from $70 to $56 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Imagination must sell to break even under this scenario. (Abbreviation used: CM = contribution margin. Complete all answer boxes. For items with a zero value, enter "O".) Required sales in units ( Fixed costs ($ 170,800 + + Target profit $ 0 )/ / CM per unit = $ 14 12,200 Next, select the formula and then enter the amounts to calculate the sales in dollars Imagination needs to break even under this scenario. (Abbreviation used: CM = contribution margin. Enter the contribution margin ratio to the nearest percent, X%. Complete all answer boxes. For items with a zero value, enter "0".) ( Fixed costs ( $ 170,800 Target profit + $ 0 )/ / CM ratio 25 % = Required sales in dollars = $ 683,200 Requirement 2. Ignore the information in Requirement 1. Instead, assume that Imagination Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven point in tickets and in sales dollars. The new breakeven point in tickets is Enter any number in the edit fields and then click Check