Please do all parts

Magic Realm, Inc., has developed a new fantasy board game. The company sold 18,800 games last year at a selling price of $69 per game. Fixed expenses associated with the game total $282,000 per year, and variable expenses are $49 per game. Production of the game is entrusted to a printing contractor. Variable expenses consist mostly of payments to this contractor. Required: 1-a. Prepare a contribution format income statement for the game last year. 1-b. Compute the degree of operating leverage. 2. Management is confident that the company can sell 24,064 games next year (an increase of 5,264 games, or 28%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.) Complete this question by entering your answers in the tabs below. Req 1A Req 1B Reg 2 Prepare a contribution format income statement for the game last year. Magic Realm, Inc. Contribution Income Statement Total Per Unit 69 49 Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 1,297,200 $ (921,200) 376,000 $ (282,000) $ 94,000 20 Miller Company's contribution format income statement for the most recent month is shown below: Sales (42,000 units) Variable expenses Contribution margin Fixed expenses Net operating income Total $ 420,000 294,000 126,000 44,000 $ 82,000 Per Unit $10.00 7.00 $ 3.00 Required: (Consider each case independently): 1. What is the revised net operating income if unit sales increase by 20%? 2. What is the revised net operating income if the selling price decreases by $1.40 per unit and the number of units sold increases by 21%? 3. What is the revised net operating income if the selling price increases by $1.40 per unit, fixed expenses increase by $6,000, and the number of units sold decreases by 4%? 4. What is the revised net operating income if the selling price per unit increases by 20%, variable expenses increase by 20 cents per unit, and the number of units sold decreases by 15%? 1. Net operating income 2. Net operating income 3. Net operating income 4. Net operating income