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cast of 58 , each earning a net average of $280 per show. The cast is paid after each show. The other variable cost is a program-printing cost of $6 per guest. Annual fixed costs total $923,440. Read the requirements. Requirement 1. Compute revenue and variable costs for each show. Select the formula and enter the amounts to compute sales revenue for each show. =Salesrevenuepershow= Requirement 2. Use the equation approach to compute the number of shows Celeb Productions must perform each year to break even. 1. Compute revenue and variable costs for each show. First, select the formula to compute the required sales in units to break even. 2. Use the equation approach to compute the number of shows Celeb Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $5,250,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning. Rearrange the formula you determined above and compute the required number of shows to break even. 4. Prepare Celeb Productions' contribution margin income statement for 125 The number of shows needed annually to break even is shows performed in the year. Report only two categories of costs: variable and fixed. places, XX.XX. Abbreviation used: CM= contribution margin.) ((++))=Requiredsalesindollars%= The number of shows needed annually to earn a profit of $5,250,000 is Is this profit goal realistic? Give your reasoning. The profit goal of $5,250,000 is since Celeb Productions currently performs 125 shows a year. Requirement 4. Prepare Celeb Productions' contribution margin income statement for 125 shows performed in the year. Report only two categories of costs: variable and fixed. Celeb Productions Contribution Margin Income Statement Year Ended December 31, 20XX Operating Income (Loss)