Question 5 Hat Corporation has provided its contribution format income statement for May. Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: $121,000 60,500 60,500 43,700 $16,800 6 pts a. Compute the degree of operating leverage to two decimal places. b. Using the degree of operating leverage, estimate the percentage change in net operating income that should result from an 18% increase in sales. Edit Format Table