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: Fixed production costs Advertising expense Administrative salaries Total Production Selling (5% of selling price) $36.00 $ 3.00 All sales are made through the company's own retail outlets. The Racket Division has the following fixed costs: Per Month $ 132,000 112,000 62,000 306,000 Sales, in units, over the past two months have been as follows: Standard Deluxe 2,000 1,000 Pro 5,000 8,000 8,000 1,000 3,000 12,000 April May Sales Variable expenses: Production Selling 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 18 Total variable expenses Fixed expenses: Total fixed expenses Req 1A Req 5 Prepare contribution format income statements for April. (Round "Total percent" answers to 1 decimal place) Topper Sports, Incorporated Income Statement for April Deluxe OO Standard $ 60.00 Req 3 Standard Amount $120,000 Total 72,000 72,000 $ 48,000 Req 4 % 100 Deluxe $ 90.00 $ 45.00 $ 4.50 Amount $90,000 720 45,000 72 28 45,000 $ 45,000 Pro $ 100.00 Answer is not complete. $36.00 $ 5.00 < Req 1A 45 Pro % Amount 100 $ 500,000 180,000 45 180,000 55 $ 320,000 % Amount 100 $ 710,000 Req 18 > 0 Total 100 297,000 297,000 $ 413,000 0 413,000 % 100 0.0 100.0