s: Must Show Work. No Work-No Points! Record Final Answers on the blanks provided. 1. Renegade Sky Company, a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from XYZ's base airport to the major city in the state, Metropolis. Each month, 400 round-trip flights are made. Shown below is a recent month's activity in the form of a cost-volume-profit income statement. Fare revenues (400 passenger flights). Variable costs Fuel Snacks and drinks Landing fees Supplies and forms Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees Net income $48,000 $14,000 800 2,000 1,200 18,000 30,000 4,125 15,125 1,500 1,750 22.500 $7,500 A. Calculate the break-even point in number of passenger flights (in units) B. Calculate the break-even point in dollars. C. Determine the contribution margin at the break-even point. D. If ticket prices were decreased by 10%, the number of passenger flights would increase by 30%. How much would net income be impacted by these changes? E. Should the ticket price decrease be adopted? Explain your