In order to do this assignment, you must use EXCEL and attach the EXCEL Worksheet.This is a REAL WORLD SCENARIO (Please use relevant, realistic numbers–think of this as an actual /true scenario)You are in a business that organizes parties. You are planning to host a Halloween Party.1.Come up with a creative name and theme for the party.2.List all the expenses that you would incur on this party. Classfiy those expenses as fixed or variable.3. Determine the amount you would charge as entry fees4. Determine the number of people you would need to break even.5. Determine the number of people you expect at the party.6. Determine your profit.Please show relevant calculations – You must ATTACH an EXCEL spreadsheet.Please use realistic dollar amounts for the expenses and ticket rates. Also, be specific in terms of venue (example: Ball Room at the Taj Boston).