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The Chimes Clock Company sells a particular clock for $45. The variable costs are $20 per clock and the breakeven point is 210 clocks. The company expects to sell 260 clocks this year. If the company actually sells 390 clocks, what effect would the sale of additional 130 clocks have on operating income? Explain your answer. The sale of an additional 130 clocks would operating income by the amount of The total effect would amount to Mueller Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue (280 units * $100 per unit) $ Variable Costs (280 units * $50 per unit) Contribution Margin Fixed Costs $ Operating Income 28,000 14,000 14,000 10,000 4,000 Following is the income statement for Mueller Mufflers for the month of June 2024 (Click the icon to view the contribution margin income statement.) Read the requirements !!!!! Requirement 1. Calculate the degree of operating leverage. (Round to four decimal places.) Select the labels and enter the amounts to calculate the degree of operating leverage for Mueller Mufflers. = Degree of operating leverage Requirement 2. Use the degree of operating leverage calculated in Requirement 1 to estimate the change in operating income if total sales increase by 30% (assuming no change in sales price per unit). (Round interim calculations to four decimal places and final answer to the nearest dollar.) The estimated change in operating income will be Requirement 3. Verify your answer in Requirement 2 by preparing a contribution margin income statement with the total sales increase of 30%. Mueller Mufflers Contribution Margin Income Statement Month Ended June 30, 2024 Net Sales Revenue Variable Costs Contribution Margin Fixed Costs Operating Income