Please show all work and calculations. Thanks

Little Mikey wants to run a lemonade stand, but he needs your help to figure out if it is worthwhile or not. He tells you he can make lemonade for $0.15 per glass (variable costs), and he plans on charging $0.50 per glass. His mom insists on charging $5 for wear-and-tear on her folding table, chair, pitcher and glasses (i.e. fixed costs). Mikey will have to pay $10 to his friends to man the table (i.e. more fixed costs). Mikey thinks he can sell 40 glasses of lemonade and he wants to know if he will break even. Will Mikey hit his cash break-even production point? By how many glasses will he exceed or miss his break-even production point? O Mikey will miss break-even by 13 glasses! O Mikey will miss break-even by 3 glasses O Mikey will exceed break-even by 10 glasses O Mikey will exceed break-even by 3 glasses O Mikey will break-even exactly