QUESTION THREE Paxton Corp has provided the following data concerning its operations last month: Sales $400.000 Variable lixpenses $250,000 Fixed Expenses $100.000 Paxton Corp is a retailing organization. a) What is Paxton's operating income? b) What is the contribution margin ratio? c) Should Paxton assume an additional $10,000 in Fixed Expenses (e.g.. Advertising) in order to generate an additional $26,000 in Sales? Briefly explain your response