Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin $2,160,000 1,728,000 432,000 324,000 Fixed costs S 108,000 Pretax income 1. Compute the company's degree of operating leverage for 2019. 2. If sales decrease by 5% in 2020, what will be the company's pretax income? 3. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020. Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 Compute the company's degree of operating leverage for 2019. Degree of operating leverage If sales decrease by 5% in 2020, what will be the company's pretax income? Pretax income Assume sales for 2020 decrease by 5%. Prepare a contribution marqin income statement for 2020 HUDSON CO. Forecasted Contribution Margin Income Statement For Year Ended December 31, 2020 Sales Variable costs Contribution margin Fixed costs Income (pretax)