Read the requirements. Requirement 1. Compute revenue and variable expenses for each show. Requirements The revenue for each show is The variable expenses for each show are 1. Compute revenue and variable expenses for each show. Requirement 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. Begin by determining the basic income statement equation. 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $4,867,000 Is this goal realistic? Give your reason. 4. Prepare Chicago's contribution margin income statement for 110 shows each Using the basic income statement equation you determined above, solve for the number of shows to breakeven. year. Report only two categories of expenses: variable and fixed. The number of shows needed annually to break even is Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $4,867,000 Is this goal realistic? Give your reason. Begin by selecting the formula. Using the equation you determined above, solve for the target number of shows. The number of shows needed annually to earn a profit of $4,867,000 is The profit goal of $4,867,000 is since Chicago currently performs 110 shows a year. Requirement 4. Prepare Chicago's contribution margin income statement for 110 shows each year. Report only two categories of expenses: variable and fixed. Chicago Contribution Margin Income Statement Year Ended December 31 \begin{tabular}{|} \\ \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular}