The following CVP income statements are available for Ivanhoe Corp. and Oriole, Inc. IvanhoeCorp. Oriole, Inc. Sales revenue $756,000 $756,000 Variable costs 337,500 189,000 Contribution margin 418,500 567,000 Fixed costs 283.500 432.000 Net income $135,000 $135,000 (a) Your answer has been saved. See score details after the due date. Compute the degree of operating leverage for each company. (Round answers to 1 decimal place, eg. 15.5.) Degree of Operating Leverage Ivanhoe 3.1 Oriole 4.2 Attempts: 1 of 1 used (b) Assume that sales revenue decreases by 20%. Prepare a CVP income statement for each company. (Do not round intermediate calculations.) IvanhoeCorp. Oriole, Inc. Sales Revenue $ $ Variable Costs Contribution Margin Fixed Costs Net Income /(Loss) V $ $