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 $ 60.00 Deluxe $90.00 Pro $100.00 $ 36.00 $ 3.00 $ 45.00 $ 4.50 $36.00 $5.00 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 Total Per Month $132,000 112,000 62,000 $ 306,000 Sales, in units, over the past two months have been as follows: April May Standard 2,000 Deluxe 1,000 Pro 5,000 Total 8,000 1,000- 8,000 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. 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 $21,200. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $21,200? 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. Req 1A Req 18 Req 3 Req 4 Req 5 Prepare contribution format income statements for April. (Round "Total percent answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Variable expenses Total vanable expenses Fixed expenses Total fixed expenses Standard Deluxe Pro Total Amount % Amount % Amount Amount % 0 0 0 0.0 S 0 0 $ 0 05 0 S 0 0.0 0 S 0 Req 18 > Complete this question by entering your answers in the tabs below. Req 1A Req 18 Req 31 Req 4 Req 5 Prepare contribution format income statements for May. (Round "Total percent" answers to 1 decimal place) Vanable expenses Total vanable expenses Fixed expenses Total faed expenses Topper Sports, Incorporated Income Statement for May Standard Deluxe Pro Total Amount % Amount % Amount % Amount % 0 0 0 0 0.0 $ 0 0 $ 0 0 S os 0 0.0 0 $ 0 Complete this question by entering your answers in the tabs below. Req LA Req 18- Req 3 Req 4 Req 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