The following single-column CVP income statements are available for Blossom Company and Crane Company. Blossom Company Crane Company Sales $510,000 $510,000 Variable costs 306,000 183,600 Contribution margin 204,000 326,400 Fixed costs 173,400 275,400 Net income $30,600 $51,000 Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.56.) Blossom Company Crane Company Degree of Operating Leverage Assuming that sales revenue increases by 20% due to an increase in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) eTextbook and Media $ Blossom Company Crane Company Assuming that sales revenue decreases by 20% due to a decrease in sales quantity, prepare a CVP income statement for each company. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) $ Blossom Company $ Crane Company