Problem (5 points) In December, McCarthy Enterprises sold 2,900 units of its only product. Its total sales were $281,300, its variable costs were $130,500, and its total fixed expenses were $122,600 REQUIRED 1. Complete the Contribution Margin Income Statement below using the 3-column approach presented in class. (show support for your answers) Total s Per Unit % of Sales Sales Revenues Less: Variable Costs Contribution Margin Less: Fixed Expenses N/A N/A Net Operating Income N/A N/A 2. The Marketing Manager believes a $10,000 increase to the advertising budget (assume it is a fixed expense) would increase units sold by 10%. Assuming that is a reasonable assumption will McCarthy Enterprises be more profitable by doing so and by how much? 3. Assuming the original assumptions what is McCarthy Enterprises Degree of Operating Leverage (DOL)? 3