Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis rackets-the Standard, the Deluxe, and the Pro-that are widely used in amateur play. Selected information on the rackets is given below: 04 Standard Deluxe Pro Selling price per racket $ 60.00 $ 99.00 Variable expenses per racket: $ 180.00 Production $36.00 $ 45.00 $36.00 Selling (54 of selling price) $ 3.00 $ 4.50 $ 5.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month Fixed production costs $ 134,000 Advertising expense 114,000 Administrative salaries 64,000 Total $ 312,000 ces May Sales, in units, over the past two months have been as follows: Standard Deluxe Pro Total April 2.000 1,800 5,000 8,000 8,000 1,000 3,000 12,000 Required: 1-a. Prepare contribution format income statements for April 1-b. Prepare contribution format Income statements for May 3. Compute the Racket Division's break-even point in dollar sales for April 4. Will the break-even point would be higher or lower with May's sales mix than with April's sales mix? 5. Assume that sales of the Standard racket increase by $21.400. What would be the effect on net operating income? What would be the effectif Pro racket sales increased by $21.400? Do not prepare income statements, use the incremental analysis approach in determining your answer. Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 3 Reg 4 Req 5 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Standard Amount $ 120,000 Topper Sports, Incorporated Income Statement for April Deluxe Pro % Amount % Amount $ 90,000 $ 500,000 % Total Amount $ 710,000 % Sales Variable expenses Production Selling 72.000 6,000 45,000 4,500 180,000 25,000 297,000 35,500 0 0 0 332,500 0.0 78,000 $ 42,000 Total variable expenses Contribution margin Fixed expenses Production 49,500 $ 40,500 Oo 205,000 $ 295,000 0 0 0 $ 377,500 0.0 134,000 84,000 Total foxed expenses Net operating income 198,000 $ 179,500 Reg 10 >