Genesis company manufactures and sells for high tech geological environment. The company's contribution format income statement for 2020 is given below. Sales (40,000 units) $2,400,000 Variable expenses 1,800,000 Contribution margin ? Fixed expenses 480,000 Net operating income 5. Refer to the original data. Compute the company's margin of safety in both dollars and percentage form 6. Compute the company's degree of operating leverage at the present level of sales 7. The company's sales increase by 10% next year. By what percentage would you expect the operating income will increase? Use the degree of operating leverage to obtain your answer. 8. Verify your answer to (7) by preparing an income statement showing 10% increase in sales. SHOW COMPUTATIONS