Presented here is the income statement for Big Shot, Inc., for the month of May: $62,000 Sales Cost of goods sold Gross profit Operating expenses Operating loss 4,400 S (3,400) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 17%. Required: a. Rearrange the preceding income statement to the contribution margin format. S 62,000 51,460 10,540 3,940 S (3,400) ales expenses tion margin ixed expenses ating loss b. If sales increase by 10%, what will be the firm's operating income (or loss)? (Do not round intermediate calculations.) ating loss