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 $375 each) $ 4,050,000 Variable costs (10,800 units at $300 each) 3,240.000 Contribution margin $ 810,000 Fixed costs 660,000 Income $ 150,000 1. Compute the company's degree of operating leverage 2. If sales decrease by 5% 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 5% Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If sales decrease by 5% in the next year, what will be the company's income? Income