The following income statement applies to Munoz Company for the current year: Income Statement Sales revenue (440 units x $34) Variable cost (440 units x $19) Contribution margin Fixed cost Net income Required $14,960 (8,360) 6,600 (4,400) $2,200 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 Munoz Company will earn if it experiences a 10 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 10 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. Complete this question by entering your answers in the tabs below. Req A and B. Req C1 Req C2 a. Use the contribution margin approach to calculate the magnitude of operating leverage. b. Afterwards, use the operating leverage measure previously computed for Requirement A to determine the amount of net income that Munoz Company will earn if it experiences a 10 percent increase in revenue. The sales price per unit is not affected. Note: Do not round intermediate calculations. Round "Operating leverage" to 2 decimal places. a. Operating leverage b. Net income Show less A