Please calculate operating income for 500,000 and 1,050,000

( 1,050,000 is part 2 of the question which is not shown )

Gary's Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 85% of revenues Read the requirements Requirement 2. Use the contribution margin ratio to prcjoct operating incomc (or loss) if revenues are 5500,000 and if they are $1,050,000 First, select the labels to calculate projocted opcrating income. Then, calculate projected income (or loss) if revenues are $500,000. Finally, calculate projected income (or loss) if revenues are $1,050,000. (Entor the contribution margin ratio as a whok percent. Enler losses with a minus sign or parentheses.) Gary's Steel Parts Operating Income Projection at Different Sales Levels If revenuos are $500,000 Sales revenue Contribution margin ratio Contribuhon margin Fixed costs Operating income (loss) 500,000