The Museum of America is preparing for its annual appreciation dinner for contributing members. Last year, 625 members attended the dinner. Tickets for the dinner were 25 per attendee. Last year's statement of comprehensive income was as follows:

Ticket sales

$15,625

Cost of dinner

16,750

Gross margin

(1,125)

Invitations and paperwork

2,500

Profit (loss)

$(3,625)

This year the dinner committee does not want to lose money on the dinner. To help achieve its goal, the committee analyzed last year's costs. Of the $ 16750 cost of the dinner, it was determined that $ 10,500 was fixed costs and $ 6,250 was variable costs. Of the $2,500 for invitations and paperwork, $1,875 was fixed and $625 was variable. Required 1. Prepare last year's profit report using the contribution-margin format. 2. The committee is considering expanding this year's dinner invitation to include volunteer members (in addition to contributing members). If the committee expects attendance to double, calculate the effect this will have on the profitability of the dinner.

Requirement 1. Prepare last year's profit report using the contribution-margin format. (Use parentheses or a minus sign when entering losses.)

Ticket sales	???	???????
Variable cost of dinner	??	???
Variable invitations and paperwork	??	??
Contribution margin	??????	???
Fixed cost of dinner	??	??
Fixed invitations and paperwork	??	??
Profit (loss)	??	??