The following income statement was drawn from the records of Vernon Company, a merchandising firm: Required a. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Vernon will earn if sales increase by Use the measure of operating leverage to determine the amount of net income Vernon will earn if sales increase by 10 perce Complete this question by entering your answers in the tabs below. Remnetruet the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Vernon will earh if sales increase by to percent. Note: Round your intermediate calculations and "Operating leverage" answer to-2 decimal places. Round the "Net income" value to nearest whole dollar