One Travel provides travel services on the Internet 2011 was an important year for One Travel as it reported positive operating income after 3 years of operating losses. In the first quarter of 2010, One Travel reported an operating loss of $11 milion on sales revenue of $74 million in the fint quarter of 2011. sales revenue had more than doubled to $154 million and One Travel had operating income of $61 million Assume that fixed costs were the same in 2011 as in 2010 Requirements Requirement 1. Compute the operating expenses for One Travel in the first quarter of 2010 and in the first quarter of 2011 1. Compute the operating expenses for One Travel in the first quarter of 2010 and in the first quarter of 2011 2. Determine the cost function for One Travel that is, the total fixed cost and the variable cost as a percentage of sales revenue 3. Explain how One Traver's operating income could increase by 572 milion with an increase in sales of 500 million, while it had an operating foos of 511 milion on its $74 million of sales in the first quarter of 2010 Requirement 1. Compute the operating expenses for One Travel in the first quarter of 2010 and in the first quarter of 2011