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A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue $1, 900, 000 Less: Variable expenses 1, 235, 000 Contribution margin 665, 000 Less: Fixed expenses 532, 000 Net income 133, 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 25 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 1,235,00 Contribution margin 665,00 0 % Fixed expenses 532,00 Net income 133,000 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 25 percent increase in sales revenue. Increase in net income %