A contribution income statement for the Nantucket Inn is shown below. $($Ignore income taxes.$)$ Revenue $ $536,000$ Less: Variable expenses $321,600$ Contribution margin $ $214,4000$ Less: Fixed expenses $160,000$ Net income $ $53,600$ Required: $1.$ Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the icome statemet. $2.$Suppose the hotel's revenue declines by $15$ per cent. Use the contribution$-$margin percentage to calculate the resulting decrease in net income. $3.$What is the hotel's operating leverage factor when the revenue is $$536,000?$ Use the operating levergae factor to calculate the increase in net income resulting from a $20$ percent increase in sales revenue. Complete this question by entering your answers in the tabs below;Contribution income statemet

amount percent

Revenue $$536000$

Variable expenses $321,600$

Contribution Margin $214,400$

Fixed expenses $160,800$

net Income $53,600$

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