Atraveling production of the little mermaid performs each year. the average show sells 1 comma 500 tickets at $ 50 per ticket. there are 120 shows each year. the show has a cast of 50, each earning an average of $ 320 per show. the cast is paid only after each show. the other variable expense is program printing costs of $ 5 per guest. annual fixed expenses total $ 1 comma 957 comma 000. requirement 1: compute revenue and variable expenses for each show (see picture )

requirement 2: use the income statement equation approach to compute the number of shows needed annually to breakeven