I need help on requirement 3

x E20-35 (similar to) iQuestion Help Following is the income statement for Monet Mufflers for the month of June 2018: (Click the icon to view the contribution margin income statement.) Read the requirements. Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places.) Select the labels and enter the amounts to calculate the degree of operating leverage for Monet Mufflers. Contribution margin Operating income = Degree of operating leverage $ 22,500 $ 12,000 1.8750 Requirement 2. Use the degree of operating leverage calculated in Requirement 1 to estimate the change in operating income if total sales increase by 30% (assuming no change in sales price per unit). (Round interim calculations to four decimal places and final answer to the nearest dollar.) The estimated change in operating income will be $ 6,750. Data Table - X Requirement 3. Verify your answer in Requirement 2 by preparing a contribution margin income statement with the total sales increase of 30%. Monet Mufflers Contribution Margin Income Statement Monet Mufflers Month Ended June 30, 2018 Contribution Margin Income Statement Net Sales Revenue Month Ended June 30, 2018 Variable Costs Net Sales Revenue (300 units x $175) $ 52,500 Contribution Margin Variable Costs (300 units x $100) 30,000 Fixed Costs Contribution Margin 22,500 Fixed Costs 10,500 Operating Income Operating Income $ 12,000 Enter any number in the edit fields and then click Check Answer. Clear All Print Done All parts showing Check