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 $ 40.00 Deluxe $ 60.00 Pro $90.00 $ 22.00 $ 2.00 $ 27.00 $3.00 $ 31.50 $ 4.50 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Per Month $ 120,000 100,000 50,000 $270,000 Total Sales, in units, over the past two months have been as follows: April May Required: Standard Deluxe 2,000 1,000 0,000 1,000 Pro 5,000 3,000 Total 0.000 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. Would the break-even point 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 $20,000. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,000? Do not prepare income statements; use the incremental analysis approach in determining your answer.