Hudson Company reports the following contribution margin income statement HUDSON COMPANY Contribution Margin Income Statement Por Year Ended December 31 Sales (10,000 unita at $300 each) $ 3,000,000 Variable coste (10,000 units at $240 each) 2.400,000 Contribution margin $ 600,000 Fixed costs 480,000 Income $ 120,000 1. Compute the company's degree of operating leverage. 2.If sales decrease by 6% in the next year, what will be the company's Income? 3. Prepare a contribution margin income statement for the next year assuming sales decrease by 6%. 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. (Round your answer to 1 decimal place.) Depre of operating leverage Required Required 2 > Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (10,000 units at $300 each) Variable costa (10,000 units at $240 each) Contribution margin Fixed conta Income $ 3,000,000 2,400,000 $ 600,000 480.000 $ 120,000 1. Compute the company's degree of operating leverage. 2. If sales decrease by 6% in the next year, what will be the company's Income? 3. Prepare a contribution margin income statement for the next year assuming sales decrease by 6% Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 It sales decrease by 6% in the next year, what will be the company's income? Income Hudson Company reports the following contribution margin income statement HUDSON COMPANY Contribution Margin Income Statement Tor Year Ended December 31 Sales (10,000 units at $300 each) Variable costs (10,000 units at $240 each) Contribution margin Fixed costo Income $ 3,000,000 2,400,000 $ 600,000 480,000 $ 120,000 1. Compute the company's degree of operating leverage. 2. If sales decrease by 6% in the next year, what will be the company's Income? 3. Prepare a contribution margin income statement for the next year assuming sales decrease by 6%. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Requirya 3 Prepare a contribution margin income statement for the next year assuming sales decrease by 6%. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales Variable costs Contribution margin Fixed costs Income