Question #6 As the new manager of a local fitness club, you have been studying the club's financial data. You would like to determine how the clubs costs behave in order to make accurate predictions for next year. Here is the information that you found for the last six months: Club Memberships Total Operating Cost Avg. Operating Cost l July 450 $8.900l ' August 480 $9,800 . | September 500 $10,100 1 October 550 $10,150 ' LNOVemDi 0 $1015.90 _________ December 525 a) Use the high-low method to determine the club's monthly operating cost equation. b) Use your answer above to predict total monthly operating costs if the club has 600 members. c) Construct a basic traditional income statement for JULY. Assume your cost equation that you previously came up with is accurate for your income statement preparation. The club charges members $30 per month for unlimited access to the facility. d) Construct a contribution margin income statement for the month of JULY as well