Hudson Co. reports the contribution margin income statement for 2019. 5 HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (8,200 units at $240 each) Variable costs (8,200 units at $180 each) Contribution margin Fixed costs Pretax income 8 01:02:37 $1,968,888 1,476,800 $ 492,000 369,000 $ 123,000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. (Round your answer to 1 decimal place.) Degree of operating leverage Required 2 > 5 Hudson Co reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margir Income Statement For Year Ended December 31, 2019 Sales (8,200 units at $240 each) Variable costs (8,200 units at $180 each) Contribution margin Fixed costs Pretax income Ot01:38 $1,968,990 1,476,000 $ 492,880 369,009 $ 123,880 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 1 Required 3 If sales decrease by 5% in 2020, what will be the company's pretax income? Pretax income 5 Variable costs (8,200 units at $180 each) Contribution margin Fixed costs Pretax income 1,476,000 $ 492,000 369.000 $ 123,000 8 0018 1. Compute the company's degree of operating leverage for 2019, 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (preta