Requirement $4.$ Prepare Celeb Productions' contribution margin income statement for $125$ shows performed in the year. Report only two categories of costs: variable and fixed.

Celeb Productions

Contribution Margin Income Statement

Year Ended December $31,20$XX

Operating Income $($Loss$)$

Requirements

Compute revenue and variable costs for each show.

Use the equation approach to compute the number of shows

Celeb Productions must perform each year to break even.

Use the contribution margin ratio approach to compute the number of shows

needed each year to earn a profit of $$5,250,000.($Round contribution ratio to

two decimal places.$)$ Is this profit goal realistic? Give your reasoning.

Prepare Celeb Productions' contribution margin income statement for $125$

shows performed in the year. Report only two categories of costs: variable

and fixed.