Joe Corporation sold 2,000 units last month. Here is their income statement for that period: Total Sales $ 100,000 Less: Variable Expenses 55,000 Contribution Margin $ 45,000 Less: Fixed Expenses 20 000 Operating Income $ 25,000 Required: 1. Calculate the company's degree of operating leverage. (2 marks) 2. Using the degree of operating leverage calculated in part 1., calculate the percentage increase in operating income if the sales increase to 2,400 units. (3 marks) Paragraph B U Lato (Recom. 19px