Total Revenues	$169000
Total fixed costs	$88000
Total variable costs	$71000
Total units produced and sold	10000

Dagger Company produces one type of machine with the above costs and revenues for the year. 1. What is the contribution margin? 2. What is net income? 3. What is the degree of operating leverage? Round to the nearest 100th (two places to the right of the decimal.) 4. If Dagger Company's sales volume increases by 10%, what will net income be?