2. suppose that sales are 26% higher as shown below: 1Chapter 1: Applying Excel 2 3 Data 4 Sales 5 Variable costs: 6 7 8 9 Fixed costs: 10 $44,730 Cost of goods sold Variable selling Variable administrative $ 28,980 2,898 2,646 2,500 1,500 Fixed selling Fixed administrative Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sale:s (a) What is the gross margin now? Gross margin (b) What is the net operating income now? Net operating income (c) What is the contribution margin now? Contribution margin (d) when sales increase by 26%, which of the following should also increase by 26% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) ? Variable cost Fixed cost ? Gross margin Contribution margin 2 Net operating income (e) when sales increase by 26%, which of the following should increase by more than 26% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin Contribution margin Net operating income