Prepare an income statement in the gross margin format. Pearl, Inc. Gross Margin Income Statement + Total Cost of Goods Sold Gross Margin Earnings before Taxes Operating Expenses Sales Earnings after T Cost of Goods Sold Total Operating Expenses Prepare an income statement in the contribution margin format. Pearl, Inc. Contribution Margin Income Statement Fixed Manufacturing Overhead Variable Operating Expenses Fixed Operating Expenses Direct Materials Direct Labour Sales Earnings before Taxes Taxes Variable Costs Total Variable Costs Earnings after Taxes Total Fixed Costs Fixed Costs Contribution margin What is the break-even in sales? (Round contribution margin percentage to 4 decimal places, eg. 0.4687 and final answer to 0 decimal places, e.g. 5.125.) Sales break-even LINK TO TEXT LINK TO TEXT LINK TO TEXT LINK TO TEXT At the current sales level, what is the margin of safety and the degree of operating leverage? (Round degree of operating leverage to 2 decimal places, e.g. 1.25.) Margin of Safety Degree of Operating Leverage