Welch Men's Coching's revenues and cost dota for 2020 are as follow: FII (Click the icon to view the data) Wr Weich, the owner of the store, is unhappy with the eperating rewils. An analysit of other operating costs reveals that it includes $90,000 varisble costs, which vary with asies volume, and $15,000 (ficed) costs. Read the reoutements Requirement 1. Compute the contibution margn of Weich Men's Clothing Desermine the formula to calculate the conthbution margin, then enter the amounts in the formula to compute the contrbution margin of Wulch Men's Clothing Requirement 2 Corrouto the contribution margin percentage. Determine the formula to calculate the contrbution margin percentage, then enter the amounts in the formula to compute the contributon margin percentage. (Enter the resut as a whole percentag x(x) Requirement 3. Mr. Welch estimates that he can increase unis sold, and hence pevonues by 25% by incurring additional advertising costs of 58,000 . Calculate the impact of the addeonal advertising costs on operating income. Determine the formula to solve for the amount then complese the formula. Data table Requirements 1. Compute the contribution margin of Welch Men's Clothing. 2. Compute the contribution margin percentage. 3. Mr. Welch estimates that he can increase units sold, and hence revenues by 25% by incurring additional advertising costs of $8,000. Calculate the impact of the additional advertising costs on operating income. 4. What other actions can Mr. Welch take to improve operating income? Requinement 3. Mr. Welch estimases that he can increase units sold, and hence revenues by 25% by ineuring add toenal adverting costs of $8,060. Calcuiate the inpect of the additional advertsing costs on operating income. Determine the formula to soive for the amount then complete the formula