Exercise $2-13$A $($Algo$)$ Using contribution margin format income statement to measure the magnitude of operating leverage LO $2-3,2-4$

The following income statement was drawn from the records of Fanning Company, a merchandising firm:

$\backslash$table$[[\backslash$table$[[$FANNING COMPANY$],[$Income Statement$],[$For the Year Ended December $31]],],[$Sales revenue units $$ $$166),$$$1,079,000$