The following income statement was drawn from the records of Solomon 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 Solomon will earn if sales increase by 20 percent. Reconstruct the income statement using the contribution margin format. Complete this question by antering your answars in the tabs below. Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount of net income Solomon will eam if sales increase by 20 percent. (Round your intermediate calculations and "Operating leverage" answer to 2 decimal places. Round the "Net income" value to nearest whole dollar.)