Read the Begin by showing the formula and then entering the amounts to calculate the required sales dollars for Diversified to break even. (Abbreviation used: CM = contribution margin.) ( ) = Required sales in dollars ) %= Diversified must make trades to break even. Requirement 2. Use the equation approach to compute the dollar revenues needed to earn a monthly target profit of $10,500. Begin by selecting the formula to compute the required sales in units to earn a target profit. Rearrange the formula you determined above and compute the required number of trades to earn a monthly target profit of $10,500. Diversified must make trades to earn a monthly operating income of $10,500. Now compute the dollar revenues needed to earn a monthly target profit of $10,500. Diversified needs in revenues to earn a monthly operating income of $10,500. (After you hit continue the screen may take you below the beginning of the next step. If so, scroll back up to the top of the step.) sales in units (trades) and dollars when monthly operating income of $10,500 is earned. We will begin graphing the CVP relationships by firsi select a label for each point plotted.) Requirements 1 and/or 2, as appropriate, to assist in identifying plot points.] Be sure to select a label for each line drawn.) (After you hit continue the screen may take you below the beginning of the next step. If so, scroll back up to the top of the step.) selecting your answer.) A. Under new assumptions, Diversified must make_ trades to break even. With the increase in the average revenue per trade, the breakeven point in number of trades Requirements 1. Use the contribution margin ratio approach to compute Diversified's breakeven revenue in dollars. If the average trade leads to $750 in revenue for Diversified, how many trades must be made to break even? 2. Use the equation approach to compute the dollar revenues needed to earn a monthly target profit of $10,500. 3. Graph Diversified's CVP relationships. Assume that an average trade leads to $750 in revenue for Diversified. Show the breakeven point, the sales revenue line, the fixed cost line, the total cost line, the operating loss area, the operating income area, and the sales in units (trades) and dollars when monthly operating income of $10,500 is earned. 4. Suppose that the average revenue Diversified earns increases to $1,250 per trade. Compute the new breakeven point in trades. How does this affect the breakeven point? (Round your answers to the nearest whole number.)