Hey, did not understand this. Can you please help me solve this step by step, and by formulas?

Thank you.

Consider the following two option strategies: Strategy 1: Sell one call with an exercise price of $28 (option price is $5) Sell one call with an exercise price of $33 (option price is $1.5) Buy two calls with an exercise price of $30 (option price is $3) Strategy 2: Buy a call with an exercise price of $28 (option price is $5) Sell one call with an exercise price of $33 (option price is $1.5) c) For each of the two strategies, determine the (i) break even price(es) for the profit/loss function (not the payoff), (ii) maximum profit, and (iii) the profit if the stock price at maturity is $32