CBV Corporation prepared the following contribution format income statement based on a sales volume of 2,790 units units. Sales $314,154 216,783 97,371 Variable expenses Contribution margin Fixed expenses Net income 27,942 $69,429 Each of the following questions is independent. Refer back to the original data unless the question mentions otherwise. Round your answers in a way that makes sense for the question or as requested. % $ $ $ 1. Calculate the contribution margin ratio. (round to the nearest whole percent and if you use CMR in future calculations, use the value as rounded here/input code: 0) 2. Calculate the contribution margin per unit. (round to the nearest hundredths place and if you use UCM in future calculations, use the value as rounded here/input code 0.00) 3. If sales increase by one unit, how much would be the increase in Net Income? (enter your answer to the nearest hundredth of a dollar/input code 0.00) 4. If sales decline to 2,200 units, how much would be the new Net Income? (round to the nearest whole dollar/input code: 0) 5. If the selling price increases by $15.80 per unit and the sales volume decreases by 275 units, how much would be the revised Net Income? (round to the nearest whole dollar/input code: 0) 6. How many dollars of sales are required to earn a target net income of $115,000? (round UP to the nearest whole dollar/input code: 0) 7. Calculate the degree of operating leverage. (round to the nearest hundredths place and if you use operating leverage in future calculations, use the value as rounded here/input code: 0.00) 8. Estimate the percentage increase in Net Income if sales increase by 13%. (round to the nearest hundredths place/input code: 0.00) $ $ %