Checkr Check A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue Less: Variable expenses Contribution margin Less: Fixed expenses Het Income 5500,000 3ee, eee $200.000 150,000 $ 50,000 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 15 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 5500,000? 4. Use the operating leverage factor to calculate the increase in net income resulting from a 20 percent increase in sales revenue. Complete this question by entering your answers in the tash Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement Percent NANTUCKET INN Contribution Income Statement Amount Revenue $ 500,000 Variable expenses 300,000 Contribution margin $ 200.000 Forced expenses 150,000 Not income 5 50.000 019 01 Complete this question by entering your answers in the tabs below. Required 3 Required 4 Required 1 Required 2 Suppose the hotel's revenue declines by 15 percent. Use the contribution-margin percentage to calculate the resbalting 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 $500,000? Operating leverage facto Required 1 Required 2 Required 3 Required 4 Use the operating leverage factor to calculate the increase in net income resulting from a 20 percent increase in sales revenue. Increase in net income %