The following income statement applies to Walton Company for the current year: Income Statement $42) Sales revenue (520 units Variable cost (520 units $27) Contribution margin Fixed cost Net income $ 21,840 (14,040) 7,800 (5,200) $ 2,600 Required 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 Walton Company will earn if it experiences a 20 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 20 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. Camalate this auction hu entering aur aneware in the tshe halaw