Following is the income statement for Marsden 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 Marsden Mufflers. Degree of operating leverage Data Table JI Marsden Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (120 units * $200 per unit) Variable Costs (120 units * $50 per unit) Contribution Margin 24,000 6,000 18,000 11,000 Fixed Costs $ 7.000 Operating Income Print Done Following is the income statement for Marsden 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 Marsden Mufflers. Degree of operating leverage i Requirements JI 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%. Print Done