1. Prepare a budgeted statement. Have two main sections titled "Receipts" and "Expenditures." Within the sections, make sure to have subcategories so that actual receipts and costs in the future could be compared with the budget. Proper accounting format with currency should be used. Fill in the budget column using information from the case. Leave the actual column blank. 2. Using the budget prepared in Question 1: a. Identify each cost as variable, fixed, or step in relation to tickets sold. Hint: Determine the weighted average ticket price and contribution margin from the sales mix information (percentage of adult tickets vs. percentage of student and senior tickets). b. In the first case, assume that all funds are to come from ticket sales only and that there are four shows in total. Compute the breakeven point in number of tickets to be sold and in U.S. dollars. c. In the second case, assume the same in (b) but only three shows in total. Compute the breakeven point in number of tickets to be sold and in U.S. dollars