Europa Publications, Inc., specializes in reference books that keep abreast of the rapidly changing political and economic issues in Europe. The results of the company's operations during the prior year are given in the following table. All units produced during the year were sold. (Ignore income taxes.) $1,450,000 Sales revenue Manufacturing costs: Fixed Variable Selling costs: 453,000 626.000 29,000 59,00 Variable Administrative costs: 69,000 24.000 Variable Required: 1-a. Prepare a traditional income statement for the company. 1-b. Prepare a contribution income statement for the company. 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 15 percent. What will be the percentage increase in net income? 4. Which income statement would an operating manager use to answer requirement 3? Complete this question by entering your answers in the tabs below. Reg 14 Reg 13 Which income statement would an operating manager use to answer requirement 3? Contribution Income statement Traditional Income statement Reqs Req4