The CVP income statements shown below are available for Ivanhoe Company and Oriole Company. Ivanhoe Co. Oriole Co. Sales revenue $642,000 $642,000 Variable costs 322,000 158,000 Contribution margin 320,000 484,000 Fixed costs 220,000 384,000 Operating income $100,000 $100,000Calculate the degree of operating leverage for each company. (Round answer to 2 decimal places, e.g. 15.25.) Operating leverage Ivanhoe Co. 3.20 Oriole Co. 4.84Assuming that sales revenue increases by 15%, prepare a variable costing income statement for each con Ivanhoe and Oriole Companies CVP Income Statements Ivanhoe Oriole v $ $ V v v to v $