Your friends started Cool Cat, Inc. three years ago and ask for your help in assessing their business from a financial standpoint. Cool Cat, Inc. sells parasailing rides to beach tourists in Florida for $80 per 10- minute ride above the beaches. The cost of labor and fuel for each ride is $36. In addition, Cool Cat pays the sales peron $14 commission for each ride sold and hires college students to generate sales. Fixed annual expenses are $600.000, mainly for insurance, advertising, boats and equipment. This year, which ends on December 31, 2020, Cool Cat projects that it will sell 30,000 rides at the most. Required: a. Compute the break-even point in units. b. Compute the break-even point in sales dollars. c. Using the graph paper provided, prepare a professional-looking breakeven graph. (Use unit sales increments of 5,000 and dollar sales increments of $250,000). d. Prepare a contribution-format income statement at break-even. e. What are profits if the company sells 25,000 rides? f. What is your recommendation to your friends regarding Cool Cat, Inc. as a viable business