A company has a sales of $\mathrm{.}2,00,000.$ The variable costs are $40$ per cent of the sales and fixed expenses are $\mathrm{.}60,000.$ The interest on borrowed capital is assumed to be $\mathrm{.}20,000.$ Compute the combined leverage and show the impact on taxable income when sales increases by $10$ per cent

Calculate the below:

$1)$ Format

$2)$ Calculation of EBIT at BASE level

$3)$ Calculation of EBIT at Changed level

$4)$ Calculation of Leverages

$5)$ Interpretation

Please take the same values given in this problem.