ew History Bookmarks Window Help Connect 6 Saved The following income statement was drawn from the records of Benson Company, a merchandising firm: BENSON COMPANY for the Year Ended Decenber 31, 2018 902,000 _14041000? Sales revenae (5,500 units $164) Cost of goods sold (5,500 units $88) Gross margin Sales comissions (10% of sales) Adninistrative salaries expense Advertiaing expense 90,2001 (88,000 (35,000) (46,000) Shipping and handling expenses (s,500 units(1.0 (11,000) $2) Net incone 147,B00 Required a. Reconstruct the income statement using the contribution margin format b. Calculate the magnitude of operating leverage c. Use the measure of operating leverage to determine the amount of net income Benson will earn if sales increase by 20 percent Complete this question by entering your answers in the tabs below. Required A Req B and C Reconstruct the income statement using the contribution margin format. 8 MacBook Air rs