Cullumber Seats manufactures swivel seats for customized vans. It currently manufactures 9,800 seats per year, which it sells for $500 per seat. It incurs variable costs of $250 per seat and fixed costs of $1,960,000. It is considering automating the upholstery process, which is now largely manual. It estimates that if it does so, its fixed costs will be $3,175,200, and its variable costs will decl to $140 per seat. Answer the following questions. (a) Prepare a single-column CVP income statement based on current activity. Compute the contribution margin ratio, break-even point in sales dollars, margin of safety ratio, and degree of operating leverage based on current activity. (Round margin of safety ratio to 2 decimal places, eg. 2.55% or 2.55 and other answers to 0 decimal ploces, eg. 2,520.) Contribution margin ratio Break-even point in dollars Margin of sifety ratio Degree of operating jeverage Attempts: 0 of 2 used