Menlo Company distributes a single product. The company's sales and expenses for last month follow: Per Unit $ 20 14 Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $ 304,000 212,800 91,200 74,400 $ 16,800 Verify your answer by preparing a contribution format income statement at the target sales level. Menlo Company Contribution Income Statement Total Per Unit 0 $ $ $ 0 Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places (1.0.0.1234 should be entered as 12.34).) Dollars Percentage % Margin of safety What is the company's CM ratio? If the company can sell more units thereby increasing sales by $70,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? % CM ratio Net operating income increases by