Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $ 3.20 6.00 5600.00 Required: 1. Suppose Dana's would like to generate a profit of $1,180. Determine how many rosettes it must sell to achieve this target profit. 2. If Dana's sells 2,200 rosettes, compute its margin of safety units, in sales dollars, and as a percentage of sales. 3. Calculate Dana's degree of operating leverage if it sells 2,200 rosettes. 4a. Using the degree of operating everage, calculate the change in Dana's profit if unit sales drop to 1,936 units. 4b. Prepare a new contribution margin income statement to verify change in dana's profit. Req 1 Req 2 Req 3 Req 4A Req 4B Using the degree of operating leverage, calculate the change in Dana's profit if unit sales drop to 1,936 units. (Round your intermediate calculations to 4 decimal places and final answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.)) Effect on Profit % Reg 1 Req 2 Req 3 Req 4A Req 4B Prepare a new contribution margin income statement to verify change in dana's profit. (Round your answers to nearest whole number.) Contribution Margin Income Statement For 1,936 Rosettes Contribution Margin 5,421 Income from Operations