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Can you help with this question? Please provide all logic/formulas used in description. A contribution income statement for the Nantucket Inn is shown below. (Ignore

Can you help with this question? Please provide all logic/formulas used in description.

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A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue 000'006'T$ Less: Variable expenses 1, 216, 000 Contribution margin 684, 00 Less: Fixed expense 513, 000 Net income $ 171,000 Required: 1. Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement. 2. Suppose the hotel's revenue declines by 20 percent. Use the contribution-margin percentage to calculate the resulting decrease in net income. 3. What is the hotel's operating leverage factor when revenue is $1,900,000? 4. Use the operating leverage factor to calculate the increase in net income resulting from a 30 percent increase in sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement. NANTUCKET INN Contribution Income Statement Amount Percent Revenue 1,900,000 Variable expenses 1,216,000 Contribution margin 684,00 0 % Fixed expenses 513,000 Net income 171,000 0 % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Suppose the hotel's revenue declines by 20 percent. Use the contribution-margin percentage to calculate the resulting decrease in net income. Decrease in net income Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 What is the hotel's operating leverage factor when revenue is $1,900,000? Operating leverage factor Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Use the operating leverage factor to calculate the increase in net income resulting from a 30 percent increase in sales revenue. Increase in net income %

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