i Requirements 1. Compute revenue and variable expenses for each show. 2. Use the income statement equation approach to compute the number of shows needed annually to break even. 3. Use the shortcut unit contribution margin approach to compute the number of "shows needed annually to earn a profit of $2,083,200 Is this goal realistic? Give your reason 4. Prepare Hairspray's contribution margin income statement for 110 shows each year. Report only two categories of expenses: variable and fixed. Print Done blist A traveling production of Hairspray performs each year. The werage show sols 1000 ks 86 a ticket. There are 110 shows each year. The show has cast of each coming an age of 5320 per show The cast only after each show The other variable spese is program printing costs of 57 per quest Annual find expenses total 51254800 Read the CD Requirement 1. Computerevenue and variable expenses for each show The revenue for each show is The variable expenses for each shows Requirement. Use the income statement equation approach to the number of sweded annually to break Begin by determining the basic income statement equation Uning the basic income statement equation you determined above, sobre for the number of shows is beken The number of shows anys Requirement 3. Use shortcut unit contribution margin approach to compare the number of show dedyto com a prol 82.003.200 is this goal tenie? Ove your reason Begin by Welecting the tomu Choose from or enteramente routes and 10 thene que son Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $2083 200 is this goal realistic Give your reason Begin by selecting the formula Target of shows Using the equation you dermined above solve for the target number of shows The number of shows needed annually to earn a proto 52.003 200 is The progol of 52.083 2003 since Harray currently performs 110 shows a year Requirement 4. Prepare Hairspray contribution margin income statement for 110 shows each year Report only two categories of expenses variable and red Halspray Contribution Maryle Income Statement Year Ended December 31 The number of shows needed annually to eam a profit of 52.083 200 Ls The profit goal of 52,063 200 i since Hairspray currently performs 110 shows a year Requirement. Prepare Hairsprays contribution margin income statement for 110 shows each year Report only two categories of expenses variable and fred Hairspray Contribution Margin Income Statement Year Ended December 31