help please

A contribution income statement for the Nantucket Inn is shown below. (Ignore income taxes.) Revenue ................................................................................................................................................................ Less: Variable expenses ______________________________________________________________________________________________________________________________________ Contribution margin _____________________________________________________________________________________________________________________________________________ Less: Fixed expenses ........................................................................................................................................... Net income ........................................................................................................................................................... Required: 1. Show the hotel's cost structure by indicating the percentage of the hotel's revenue represented by each item on the income statement. Suppose the hotel's revenue declines by 15 percent. Use the contribution-margin percentage to cal- culate the resulting decrease in net income. What is the hotel's operating leverage factor when revenue is $500,000? Use the operating leverage factor to calculate the increase in net income msulting from a 20 per- cent increasc in sales revenue. $500,000 300,000 $200,000 150,000 $ 50,000 I _ Hotel and Restaurant; Cos Structure and Operating Leverage (L0 1-2, 1-4, 7-8)