Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed thefollowing budget for the event.Ballroom rental $2,900Entertainment $4,500Printing $600 plus $9 per guestFood $29 per guestDecorations $700 plus $5 per guestThe committee expects 3,000 people will attend the event.Required:A) Compute the fixed and variable costs of the event.B) Prepare the cost function.C) If Cleveland Recreation charges $100 per person, how much money will be raised by this event?