Wolsey Industries Inc. expects to maintain the same inventories at the end of 2048 as at the beginning of the year. The total of all production costs for the year is therefore assumed to be equal to the cost of goods sold. With this in mind, the various department heads were asked to submit estimates of the costs for their departments during the year. A summary report of these estimates is as follows: Estimated Fixed Cost Estimated Variable Cost (per unit sold) 2 Production costs: Direct materials $56.00 Direct labor 34.00 Factory overhead $188,000.00 20.00 Selling expenses: Sales salaries and commissions 102,000.00 6.00 Advertising 39,000.00 9 Travel 12,000.00 Miscellaneous selling expense 7,400.00 1.00 11 Administrative expenses: Office and officers' salaries 141,200.00 Supplies 8,000.00 2.00 Miscellaneous administrative expense 13,600.00 1.00 Total $511,200.00 $120.00 is expected that 21,300 units will be sold at a price of $160 a unit. Maximum sales within the relevant range are 25,825 units. Income Statement A. Prepare an estimated income statement for 20Y8. Refer to the Labels and Amount Descriptions list provided for the exact wording of the a choices for text entries. Be sure to complete the statement heading. Wolsey Industries Inc. Estimated Income Statement (Label) (Label) IIIJIcoacIII 8 (Label) 9 Selling expenses: 15 Administrative expenses: 20 Total expenses E. What is the expected margin of safety in dollars and as a percentage of sales? If applicable, use amounts previously computed and then round your answers to the nearest whole number. Dollars Percentage F. Determine the operating leverage. Round to one decimal place