Income Statement Sales revenue 420 units X 533) Variable cost (420 units X $18) Contribution margin Fixed cost Net Income $13,860 2 560 6,300 (4,300) $ 2,000 Required o. Use the contribution margin approach to calculate the magnitude of operating leverage b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Jordan Company will eam if it experiences a 20 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 20 percent increase in sales revenue. The sales price is not affected C-2. Calculate the percentage change in net income for the two income statements. Complete this question by entering your answers in the tabs below RegA and Reg Reg 2 Use the contribution marginapproach to calculate the magnitude of operating leverage. Afterwards, use the operating leverage measure previously computed for Requirement A to determine the amount of net income that Jordan Company will can if it experience a 20 percent increase in revenue. The sales price per unit is not affected. (Do not round intermediate Vacation Round operating leveranto 2 dela place