You have the opportunity to sell pizza at the local city fair which runs for a 3 day weekend. The fair has food, games, and entertainment. In the past the attendance has reached 10,000 visitors and the weather is expected to be 102 degrees this weekend. Each pizza requires: 1/2 lb. pizza flour 6 oz. pizza sauce 1/4 lb. Pepperoni 1/2 lb. Cheese Pizza flour costs $8.00 per 10-1b. bag: pizza sauce, $4.80 per 60-oz. jar; pepperoni, $18.00 per 12.5-lb. package, and cheese, $15.00 per 5-lb. package. Club members will cook the pizzas and staff the stand on a volunteer basis. The city requires each vendor to pay a $25.00 permit fee. You also need to purchase a canopy for $100, a small oven for $200 and other supplies for $50. 1. How many pizzas can you anticipate selling assuming that 5% of the attendees will buy a pizza? 2. What quantity of each raw material do you need to buy? 3. Calculate your Cost of Goods per pizza 4. In which category would you place the pizza oven on your balance sheet 5. Anticipate selling each pizza for $8.00. Create and show a basic Income Statement/P&L. WHAT IS YOUR GROSS PROFIT MARGIN as a percent? 6. Calculate your Break-Even point based on your expenses required for the event? Be sure to write the formula and show your work