Lappin Community Transit (LCT) is a not-for-profit mostly volunteer organization that provides transportation to seniors. As a not-for- profit, it refers to an excess of revenues over costs as a "surplus" and an excess of costs over revenues as a "deficit." LCT prices a round-trip ticket to downtown at $3.05 per trip. The variable costs of a ride are $4.80. The fixed costs of LCT, primarily for its paid staff and van leases, are $91,000 annually. The town of Lappin provides LCT with a flat subsidy, partially funded by downtown merchants, of $155,200 annually plus a per-trip subsidy of $0.25. Required: a. What is the break-even point for LCT in terms of number of round-trip ticket sold? b. The director of LCT expects 24,200 riders this year and asks you if it will operate at a surplus or deficit. What is your answer? Complete this question by entering your answers in the tabs below. Required A Required B What is the break-even point for LCT in terms of number of round-trip ticket sold? Note: Do not round intermediate calculations. Round up your answer for "trips" to the nearest whole number Break-even point trips Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B The director of LCT expects 24,200 riders this year and asks you if it will operate at a surplus or deficit. What is your answer? < Required A Required