Following is the income statement for Monroe Mufflers for the month of June 2024: E: (Click the icon to view the contribution margin income statement.) Read the requirements - X Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places.) Data Table Select the labels and enter the amounts to calculate the degree of operating leverage for Monroe Mufflers. Degree of operating leverage Monroe Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (240 units * $325 per unit) $ Requirements 78,000 42,000 Variable Costs (240 units * $175 per unit) Contribution Margin 36,000 9,000 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% 27,000 Operating Income Print Done Print Done