Subtotal Administration expenses Salaries Insurance Rent Depreciation Subtotal Finance costs Total Profit before taxes Income tax expense Profit for the year (185,000) (20,000) (60,000) (33,000) (365,000) (298,000) (35,000) (698,000) 229,000) (101,000) $ 128,000) Questions 1. Calculate Tony's break-even point in revenue and the cash break-even point in revenue. 2. How many prints a year and what level of revenue must Tony reach if he wants to earn $275,000 in profit before taxes? 3. Calculate Tony's annual revenue break-even point by using the PV ratio if he is to meet the $275,000 profit before tax goal. 4. If he increases his advertising budget by $20,000, what would be Tony's new yearly break-even point in prints and in revenue? How many additional prints must Tony develop to increase his revenue to cover the incremental advertising budget?