Saved Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (8,600 units at $240 each) $2 , 064, 000 Variable costs (8,600 units at $180 each) 1, 548 , 000 Contribution margin $ 516, 000 Fixed costs 387, 000 Pretax income 129, 000 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2019. ( Round your answer to 1 decimal place.) Degree of operating leverage Required 2 >