Exercise 11-15A (Algo) Using contribution margin format income statement to measure the magnitude of operating leverage LO 11-3, 11-4 The following income statement was drawn from therecords of Zachary, a merchandising firm. Required a. Reconstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. c. Use the metsure of operating leverage to derermine the amount of net income Zachary will earn if sales increase by 10 percent a. Recomstruct the income statement using the contribution margin format. b. Calculate the magnitude of operating leverage. 6. Use the measure of operating leverage to determine the amount of not income Zachary will cam if sales increase by 10 persent. Complete this question by entering your answers in the tabs below. Fieconstruct the incerie statement ising the cantrizution margin format. Administrative salaries Advertising expense Cost of goods sold Depreciation expense Sales commissions Saloc rovanua 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 Zachary will earn if sales increase by 10 percent 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 income Zachary 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 gearest whole dollar.)