The following CVP income statements are available for Eloise Company and Teadora Company. Eloise Company Teadora Company Sales revenue $800,000 $800,000 Variable costs 325,000 195,000 Contribution margin 475,000 605,000 Fixed costs 375,000 505,000 Net income $100,000 $100,000 Instructions (a) Compute the degree of operating leverage for each company. (b) Prepare a CVP income statement for each company, assuming that sales revenue decreases by 30%