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Required a. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Rooney will earn if sales increase by 10 percent Complete this question by entering your answers in the tabs below. Reconstruct the income statement using the contribution margin format. Problem: Module 5 Textbook Problem 6 Leorning Objectives: - 5.5 Prepore on income statement using the contribution morgin opprooch - 5.6 Calculate the mognitude of operating leverage The following income statement was drawn from the records of Rooney, a meichandising firm: Required o. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Rooney will carn if sales increase by 10 percent. Complete this question by entering your answers in the tabs below. Reconstruct the income statement using the contribution margin format. o. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the measure of operating leverage to determine the amount of net income Rooney will earn if sales increase by Complete this question by entering your answers in the tabs below. Calculate the magnitude of operating leverage. Use the measure of operating leverage to determine the amount of net incom Rooney will earn if sales increase by 10 percent. (Round your intermediate calculations and "Operating leverage" answer to 2 decimal places. Round the "Net income" value to nearest whole dollar.)

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