echtronics Software, Inc. specializes in customized spreadsheet software. The results of the company's operations during the prior year (20xx) are given in the following table. All units produced during the year were sold. (Ignore income taxes.) Sales revenue Manufacturing costst Fixed Variable Selling costs: Fixed Variable Administrative costs Fixed Variable $3,200,000 510,000 1,020,000 52,000 110,000 122,000 32,000 Required 1-a. Prepare a traditional income statement for the company 1-b. Prepare a contribution income statement for the company. 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 15 percent.What will be the percentage increase in net income? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Prepare a t TECHTRONICS SOFTWARE, INC. Income Statement For the Year Ended December 31, 20xx Next Prexl21 of 21SE