Before franchising her Global Chopsticks restaurant concept, owner Kay Fay had made the following assumptions. (Click the icon to view the assumptions.) (Click the icon to view more information.) Read the requirements. Requirement 1. What was the average restaurant's operating income before these changes? Identify the formula labels and compute the operating income before the changes. Times: Contribution margin Less: Operating income Requirement 2. Assuming that the price cut and advertising campaign are successful at increasing volume to the projected level, will the franchisees still earn their target profit of $3,500 per month? Show your calculations. Identify the formula labels and compute the operating income after the changes. Times: Contribution margin I nee