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2. The roadway show "Serenity" performs each year and the average show sells 1,000 tickets at $45 a ticket. There are 115 shows each year. The show has a cast of 35, each earning an average of $210 per show. The cast is paid only after each show. The other variable expense is program printing costs of $6 per guest. Annual fixed expenses total $729,500. Required a) Compute revenue and variable expenses for each show. (10 Marks) b) Use the income statement equation approach to compute the number of shows needed annually to break even. (15 Marks) c) Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $5,500,000. (10 Marks) Is this goal realistic? Give your reason. (5 Marks) d) Prepare Serenity's contribution margin income statement for 115 shows each year. (10 Marks)