Current Attempt in Progress E-Z Seats manufactures swivel seats for customized vans. It currently manufactures 10.800 seats per year which it sells for $600 per seat. It incurs variable costs of $276 per seat and fixed costs of $2,624,400. It is considering automating the upholstery process, which is now largely manual. It estimates that it it does so, its fixed costs will be $4.147 200, and its variable costs will decline to $120 per seat. Answer the following questions. Prepare a CVP income statement based on current activity. GA -/10 E Compute contribution margin ratio, break-even point in dollars, margin of safety ratio, and degree of operating leverage based on current activity. (Round margin of safety ratio and degree of operating leverage to 1 decimal place, es.2.5% or 2.5 and break-even point in dollars to decimal places, e.g. 2,520.) Contribution margin ratio S Break-even point in dollars Margin of safety ratio Degree of operating leverage the company invests in the automated upholstery system Question 3 of 4 - / 10 Prepare a CVP income statement assuming that the company invests in the automated upholstery system 5 Question 3 of 4 - / 10 Compute contribution margin ratio, break-even point in dollars, margin of safety ratio, and degree of operating leverage assuming the new upholstery system is implemented (Round degree of operating leverage to 1 decimal place, es 25) Contribution margin ratio Break-even point in dollars s Margin of safety ratio Degret of operating leverage Attems of used