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Carte Inc. reported the following Income Statement: Sales $480,000 Less: Variable costs $360,000 Contribution margin 120,000 Less: Fixed costs 60,000 Operating income $60,000 What is

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Carte Inc. reported the following Income Statement: Sales $480,000 Less: Variable costs $360,000 Contribution margin 120,000 Less: Fixed costs 60,000 Operating income $60,000 What is the company's operating income if sales increase by 20%? $84,000 O $156,000 None of those are correct. $124,000

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