1. Compute revenue and variable expenses for each show. The variable expenses for each show are 2. Use the income statement equation approach to compute the number of shows needed annually to break even. Requirement 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 $5,511,150 Is this goal realistic? Give your reason. Begin by determining the basic income statement equation. 4. Prepare Beauty and the Beast's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed. Using the basic income statement equation you determined above, solve for the number of shows to breakeven. The number of shows needed annually to break even is Requirement 3. Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $5,511,150 Is this goal realistic? Give your reason. Begin by selecting the formula. Using the equation you determined above, solve for the target number of shows. The number of shows needed annually to earn a profit of $5,511,150 is The profit goal of $5,511,150 is since Beauty and the Beast currently performs 120 shows a year. Requirement 4. Prepare Beauty and the Beast's contribution margin income statement for 120 shows each year. Report only two categories of expenses: variable and fixed