Question 01: The following income statement and some balances are extracted from the books of E-mex Company for the year ended December 31, 2021. E-Max has outstanding common shares of 80,000 with a share price of $10 and has condes of $1,200,000, of which $200,000 are reported as accounts receivable. Currently, 40,000 units are produced and the company plans to produce 50,000 units. Sales (40,000 units at $25) 50,000 unis 40.000 unit $1,000,000 Variable costs ($10) 400,000 Contributions margin $600,000 Fixed costs 200,000 Operating Income (EBIT) 400,000 -Interest 100,000 Earnings Before Taxes 300,000 60.000 $240.000 -Taxes (20%) Net Income 1. Complete the income statement as per the contribution approach in case of producing and selling 50,000 units (Insert your answer in the table above). 2. Compute the degree of operating leverage (DOL) (Apply both techniques to compute) and explain your findings. Based on the original production level of 40,000 units, compute the following ratios comment: 3. Profit margin ratio 4. Earnings per Share 2