EM5-35 (similar to) Question Help Following is the income statement for Maloy Mufflers for the month of June 2024: (Click the icon to view the contribution margin income statement.) Read the requirements. Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places.) Select the labels and enter the amounts to calculate the degree of operating leverage for Maloy Mufflers. Data Table Degree of operating leverage Maloy Mufflers Requirements Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (180 units * $275 per unit) $ 49,500 18,000 Variable Costs (180 units * $100 per unit) Contribution Margin 31,500 11,000 Fixed Costs 1. Calculate the degree of operating leverage. (Round to four decimal places.) 2. Use the degree of operating leverage calculated in Requirement 1 to estimate the change in operating income if total sales increase by 15% (assuming no change in sales price per unit). (Round interim calculations to four decimal places and final answer to the nearest dollar.) 3. Verify your answer in Requirement 2 by preparing a contribution margin income statement with the total sales increase of 15%. $ 20,500 Operating Income Print Done Print Done Choose from any list or enter any number in the input fields and then click Check