The following income statement applies to Baird Company for the current year Income Statement Sales revenue (440 units x $26) Variable cost (440 units x $11) Contribution margirn Fixed cost Net income $11,440 (4,840) 6,600 3,600) $3,eee Requirec a. Use the contribution margin approach to calculate the magnitude of operating leverage b. Use the operating leverage measure computed in Requirement a to determine the amount of net income that Baird Company will earn if it experiences a 15 percent increase in revenue. The sales price per unit is not affected. c-1. Verify your answer to Requirement b by constructing an income statement based on a 15 percent increase in sales revenue. The sales price is not affected c-2. Calculate the percentage change in net income for the two income statements