Before franchising her Wok Express restaurant concept, owner Mei Lai had made the following assumptions 0 (Click the icon to view the assumptions.) Since franchising Wok Express, the restaurant has been very successful Because of Wok Express's success, Noodles has come on the scene as a competitor. To maintain its market share, Wok Express will have to lower is sales price to $6.50 per bowl. At the same time, Wok Express hopes to increase each restaurant's volume to 7,500 bowls per month by embarking on a marketing campaign Each franchise will have to contibute $625 per month to cover the advertising costs. Prior to these changes, most locations were selling 7,000 bowls per month. Requirements 1. What was the average restaurant's operating income before these changes? 2. Assuming the price cut and advertising campaign are successful at increasing volume to the projected level gll the franchisees stillearn their target protit of $7,150 per month? 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 Contribution margin Less Operating income