Owner Shan Lo is considering franchising her Noodles by Lo restaurant concept. She believes people will pay $6.00 for a large bowl of noodles. Variable costs are $1.50 per bowl. Lo estimates monthly fixed costs for a franchise at $13,500. Read the requirements. Requirement 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars using the contribution margin approach. (Enter a "0" for any zero balances. Abbreviation used: CM= contribution margin.) ((++))=Requiredsalesindollars% Requirement 2. Lo believes most locations could generate $61,000 in monthly sales. Is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $22,500 ? Explain your answer. Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to earn the minimum monthly operating income of $22,500. (Abbreviation used: CM = contribution margin.) Is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $22,500 ? Explain your answer. Since the predicted monthly sales of $61,000 are the amount of sales necessary to generate a minimum monthly operating income of $22,500, Lo's franchising concept a good idea