The single-column CVP income statements shown below are available for Sandhill Company and Wildhorse Company. Sandhill Co. Wildhorse Co. Sales $506,000 $506,000 Variable costs 242,000 55,000 Contribution margin 264,000 451,000 Fixed costs 164,000 351,000 Net income $100,000 $100,000 (a1) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage Sandhill Wildhorse(b) Assuming that sales revenue increases by 10% (due to a 10% increase in the number of units sold), prepare a single-column CVP income statement for each company. Sandhill Company Wildhorse Company $ $ V V V $ $