Topper Sports, Incorporated, produces high-quality sports equipment. The company's Racket Division manufactures three tennis racketsthe Standard, the Deluxe, and the Pro-that are widely used in amateur play Selected Information on the rackets is given below Standard Deluxe Pro Selling price per racket $ 65.00 $ 100.00 $ 145.00 Variable expenses per racket Production $ 39.00 $ 42.00 $ 58.00 Selling (5% of selling price) 5 3.25 $ 5.00 $7.25 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs Per Month Fixed production costs $ 154,000 Advertising expense 134,000 Administrative salaries 84.000 Total 5 372,000 Sales, in units over the past two months have been as follows. April May Standard 2,000 8.000 Deluxe Pro 1,000 5,000 1.000 3,000 Total 8,000 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 $23.400 What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23.400Do not prepare income statements use the incremental analysis approach in determining your answer Reg 1A Reg 1B Req3 Reg 4 Reg 5 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe Amount % Pro Standard Amount Total Amount Amount % % Variable expenses Total variable expenses 0 0 0 0 0 0 0 ols 0 0 0.0 0.0 05 0 OS 0 Fixed expenses Total fed expenses 0 $ 0 Req 10 > Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 3 Reg 4 Reg 5 Prepare contribution format income statements for May (Round Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for May Standard Deluxe Pro Amount % Amount % Amount % Total Amount % Variable expenses Total variable expenses 0 0 0 0 0 0 0 0.0 $ 0 015 0 0 $ 0 0 $ 0 0.0 Foced expenses Total faced expenses 0 $ 0 Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 3 Req 4 Reg 5 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.) Break-even point in dollar sales Reg 1A Reg 1B Reg 3 Reg 4 Reg 5 Whether the break-even point would be higher or lower with May's sales mix than with April's sales mix? Higher Lower Reg 1A Reg 1B Reg 3 Reg 4 Reg 5 Assume that sales of the Standard racket increase by $23,400. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $23,400? Do not prepare income statements; use the incremental analysis approach in determining your answer. Standard Pro Effect on Net operating income