Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis racketsthe Standard, the Deluxe, and the Prothat are widely used in amateur play. Selected information on the rackets is given below: Standard Deluxe Pro Selling price per racket $ 55.00 $ 70.00 $ 100.00 Variable expenses per racket: Production $ 33.00 $ 35.00 $ 36.00 Selling (5% of selling price) $ 2.75 $ 3.50 $ 5.00 All sales are made through the company's own retail outlets. The Racket Division has the following xed costs: Per Month Fixed production costs $ 142,000 Advertising expense 122,000 Administrative salaries 72,000 Total $ 336,000 Sales, in units, over the past two months have been as follows: Standard Deluxe Pro Total April 2,000 1,000 5,000 8,000 May 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 $22,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,200? Do not prepare income statements; use the incremental analysis approach in determining your answer. Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount % Amount % Amount % Amount % Variable expenses: Total variable expenses 0 0 0 0 0 0 0 0.0 $ 0 0 $ 0 0 $ 0 0 $ 0 0.0 Fixed expenses: Total fixed expenses O O Topper Sports, Incorporated Income Statement for May Standard Deluxe Pro Total Amount % Amount % Amount % Amount % Variable expenses: Total variable expenses 0 0 O 0 0 0 0 0.0 $ 0 0 $ 0 0 $ 0 0 $ 0 0.0 Fixed expenses: Total fixed expenses 0 $ 0Complete this question by entering your answers in the tabs below. Compute the Racket Division's break-even point in dollar sales for April. (Round intermediate percentage calculations to 1 decimal place and final answer to the nearest whole dollar.) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 3 Req 4 Req 5 Will the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher OLower Complete this question by entering your answers in the tabs below. Req lB Req 3 ' Req 1A Assume that sales of the Standard racket increase by $22,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $22,200? Do not prepare income statements; use the incremental analysis approach in determining your answer: Effect on Net operating income _ _