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A traveling production of The Utile Mermaid performs each year. The average show sells 800 tickets at $45 per ticket. There are 100 shows a year The show has a cast of 70, each earning an average of $300 per show. The cast is paid only after each show. The other variable expense is program printing costs of $9 per guest. Annual fixed expenses total $273,000. Compute revenue and variable expenses for each show Use the income statement equation approach to compute the number of shows needed annually to break even Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $468,000. Is this goal realistic? Give your reason. Prepare The Little Mermaid's contribution margin income statement for 100 shows each year Report only two categories of expenses: variable and fixed. Use the income statement equation approach to compute the number of shows ne Begin by determining the basic income statement equation Using the basic income statement equation you determined above solve for the number of shows to The number of shows needed annually to break even is Using the shortcut unit contribution margin approach, determine the formula that is shows needed annually to earn a profit of $468,000. The number of shows needed annually to earn a profit of $468,000 is Prepare the contribution margin income statement using only two categories of