QS 18-22 (Algo) Computing and analyzing operating leverage LO A2 Singh Company reports a contribution margin of $996,000 and fixed costs of $747,000. (1) Compute its income. (2) Compute its degree of operating leverage. (3) If sales increase by 15%, what amount of income is expected? 1. Income 2. Degree of operating leverage 3. Amount of expected income if sales increase by 15%