Chloe Rugs is holding a 2-week carpet sale at Josh's Club, a local warehouse store. Chloe Rugs plans to sell carpets for $700 each. The company will purchase the carpets from a local distributor for 5420 each with the price of returning any unsold units for a full refund. Josh's Club has offered Chloe Rugs two payment alternatives for the use of space. (Click the icon to view the additional information) Read the requirements Chloe Rugs would prefer option 2 when units sold are less than the units you determined for the level of revenues when the two options earned the same operating income Requirement 3. Calculate the degree of operating leverage at sales of 60 units for the two rental options Begin by determining the formula to calculate the degree of operating leverag erage for option 1, then option 2 (Round your answers to two decimal places ) fixed costs S Option Option 2 Contribution margin 16 800 8.400 Operating income 8.400 8.400 S $ operating income Requirement 4. Briefly explain and interpret your answer to requirement 3 sales and contribution margins The results indicate that when sales are 60 units, a percentage change in will result in times that percentage change in for option 1 and times thal percentage change in for option 2