Presented here is the income statement for Big Surf, Inc., for the month of May: Sales Cost of goods sold $62,000 50,400 Gross profit Operating expenses $11,600 3,700 Operating loss S (2,100) Based on an analysis of cost behavior patterns, it has been determined that the company's contribution margin ratio is 16%. Required: a Rearrange the preceding income statement to the contribution margin format. Sales Variable expenses Contribution margin Fixed expenses Operating loss 62,000 62,000 62,000 f sales increase by 10%, what will be the firm's operating income (or loss)? (Round your answer to the nearest whole dollar.)