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: Selling price per racket Variable expenses per racket: Production Selling (5% of selling price) Standard $ 50.00 Deluxe $ 75.00 Pro $ 100.00 $ 28.00 $ 2.50 $ 33.00 $ 3.75 $ 35.00 $ 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 Advertising expense Administrative salaries Total $ 128,000 108,000 58,000 $ 294,000 Sales, in units, over the past two months have been as follows: April May Required: Standard 2,000 Deluxe 1,000 8,000 1,000 Pro 5,000 3,000 Total 8,000 12,000 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 $20,800. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,800? Do not prepare income statements; use the incremental analysis approach in determining your answer.