Topper Sports, Incorporated, produces high-quality sports equipment. The company's Rocket Division manufactures three tennis rockets-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 Rocket Division has the following fixed costs: Fixed production costs Advertising expense Administrative salaries Total Per Month $ 126,000 106,000 56,000 $ 288,000 Sales, in units, over the past two months have been as follows: April May Standard Deluxe 2,000 1,000 8,000 1,000 Pro Total 5,000 8,000 3,000 12,000 Required: 1-8. Prepare contribution format income statements for April. 1-b. Prepare contribution format income statements for May. 3. Compute the Rocket 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 $20,600. What would be the effect on net operating income? What would be the effect if Pro racket sales increased by $20,600? 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) Variable expenses: Total variable expenses Fixed expenses: Total fixed expenses Topper Sports, Incorporated Income Statement for April Standard Deluxe Pro Total Amount % Amount % Amount % Amount % < Req 1A Req 1B >