Kowkeela has recently opened The Cooker Shop, a store that specializes in one type of cooker. Kowkeela has just received a degree in business and she is anxious to apply the principles she has learned to her business. In time, she hopes to open a chain of cooker shops. As a first step, she has prepared the following analysis for her new store: Sales price per cooker ...... ..$50 Variable expenses per cooker...... $16 L. Fixed expenses per year: --- Building rental $13200 LLLL --- Equipment depreciation ... $5400 --- Selling $17700 --- Administrative ...... ... $18000 (a) During the first year, the store sold only 3100 cookers. Prepare a contribution approach income statement. (b)in relation to (a), Kowkeela's degree of operating leverage (in two decimal places) is (c) In relation to (a), Kowkeela is confident that with a more intense sales effort and with a more creative advertising program she can increase sales by 60% next year. The expected percentage increase in net operating income (in 2 decimal places) is (only input the value not the % symbol) (d) Refer to the original data, Kowkeela has decided that she must earn at least $18000 the first year to justify her time and effort. The number of cookers to be sold to reach this target profit is (e) What will be the impact of a reduction of CM ratio on break-even point and why