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Frad the tesinerticts Requlrenest t. Compan srwoun asd salatil ounb for bied show Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,800,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning 4. Prepare Famous Productions' contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed. Woch of promtam Trtwi reiplis coses Requirement 4. Prepare Famous Productions' contribution margin income statement for 160 shows performed in the year: Report only two categorles of casts: variable and fired Famons Productions Contribution Margin Income Statement Year Ended December 31, 20XX Operating income (Lass) Frad the tesinerticts Requlrenest t. Compan srwoun asd salatil ounb for bied show Requirements 1. Compute revenue and variable costs for each show. 2. Use the equation approach to compute the number of shows Famous Productions must perform each year to break even. 3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $4,800,000. (Round contribution ratio to two decimal places.) Is this profit goal realistic? Give your reasoning 4. Prepare Famous Productions' contribution margin income statement for 160 shows performed in the year. Report only two categories of costs: variable and fixed. Woch of promtam Trtwi reiplis coses Requirement 4. Prepare Famous Productions' contribution margin income statement for 160 shows performed in the year: Report only two categorles of casts: variable and fired Famons Productions Contribution Margin Income Statement Year Ended December 31, 20XX Operating income (Lass)