Hudson Co. reports the contribution margin income statement for 2017. HUDSON co Contribution Margin Income Statement For Year Ended December 31, 2017 Sales (9,000 units at $280 each) Variable costs (9,000 units at $210 each) Contribution margin Fixed costs Pretax income $2,520,000 1,890,000 $ 630,000 504,000 126, 000 1. Compute the company's degree of operating leverage for 2017. 2. If sales decrease by 5% in 2018, what will be the company's pretax income? 3. Assume sales for 2018 decrease by 5%. Prepare a contribution margin income statement for 2018. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the company's degree of operating leverage for 2017. (Round your answer to 1 decimal place.) Required 1 Required 2>