please show me step by step with formula for each line. thank you

SnowParadise operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 20% return on the company's $110 million of assets. The company incurs primarily fixed costs to groom the runs and operate the lifts. SnowParadise projects fixed costs to be $38,200,000 for the ski season. The resort serves about 875,000 skiers and snowboarders each season. Variable costs are $9 per guest. The resort had such a favorable reputation among skiers and snowboarders that it had some control over the lift ticket prices. Assume that SnowParadise's reputation has diminished and other resorts in the vicinity are charging only $58 per lift ticket. SnowParadise has become a price-taker and won't be able to charge more than its competitors. At the market prico, SnowParadise's managers believe they will still serve 875,000 skiers and snowboarders each season. Read the requirements Requirements 1. If SnowParadise can't reduce its costs, what profit will it earn? State your answer in dollars and as a percent of assets. Will investors be happy with the profit level? Show your analysis. Assume that SnowParadise has found ways to cut its fixed costs to $27 million. What is its new target variable cost per skier/snowboarder? Compare this to the current variable cost per skier/snowboarder. Comment on your results. Print Done Complete the following table to calculate SnowParadise's projected income and excess profit or shortfall. (Use parentheses or a minus sign to show a profit shortfall.) Revenue at market price $ 50,750,000 Less: Total costs 46,075,000 Operating income $ 4,675,000 Compared to the desired operating income of 22,000,000 Expected excess profit (profit shortfall) $ (17,325,000) (Round the percentage to the nearest hundredth percent, X.XX%.) As a percentage of assets, SnowParadise's projected profit is L %. 2. Assume that SnowParadise has found ways to cut its fixed costs to $27 million. What is its new target variable cost per skier/snowboarder? Compare this to the current variable cost per skier/snowboarder. Comment on your results. Complete the following table to calculate SnowParadise's new target variable cost per customer. (Round your final answer to the nearest cent.) Revenue at market price '$ 50,750,000 Less: Desired profit 22,000,000 Target total costs '$ 28,750,000 Less: Reduced level of fixed costs 27,000,000 Target total variable costs $ 1,750,000 Divided by: Number of skiers / snowboarders 875,000 Target variable cost per skier / snowboarder $ 2.00