Can you answer all required 1-4

Europa Publications, insectes rencontres or change can con Furope. The results of a company's conting the prior year are given in the following. All units produced during year were sold ignore income tas) leven MI Ver 13.10 31. Var insta Tived 73. 30.000 Required: 1. Prepare a traditional income to the com 1-b. Prepare a contribution income statement for the company 2. What is the operating leverage for the sales volume generated during the prior year 3. Suppose sales revenue increases by 4 percent What will be the percentages et income 4. Which come statement would an operating managerute to wwwer requirement ? Complete this question by entering your awwers in the tabs below Res! Ne 1 estration income for the company CORPORATION Europa Publications, Inc., specializes in reference books that keep abreast of the rapidly changing political and economic issues in Europe. The results of the company's operations during the prior year are given in the following table. All units produced during the year were sold. (Ignore income taxes.) $1,750,000 572,000 818,000 Sales revenue Manufacturing costs: Fixed Variable Selling costs: Fixed Variable Administrative costs: Fixed Variable 35,000 65,000 75,000 30,000 Required: 1-a. Prepare a traditional income statement for the company. 1-b. Prepare a contribution income statement for the company. 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 14 percent. What will be the percentage increase in net income? 4. Which income statement would an operating manager use to answer requirement 3? Complete this question by entering your answers in the tabs below. Reg LA Reg 18 Reg 2 Reg 3 Reg 4 Prepare a traditional income statement for the company. EUROPA PUBLICATIONS, INC. Income Statement For the Year Ended December 31, 20XX $ 0 Operating expenses