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The contribution margin income statement of Cosmic Coffee for July follows: (Click the icon to view the contribution margin income statement.) Cosmic Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of S2.50. Read the reculrements - - X Data table TUCILI LIIGITUS WUELIC WPCI ay ivciaye QUI. Contribution margin 1 Operating Income = Operating leverage factor Cosmic Coffee Contribution Margin Income Statement Month Ended July 31 (Round your answer to two decimal places.) Cosmic Coffee's operating leverage factor is 2.05 S 164,000 Sales revenue Less variable expenses: Cost of goods sold Marketing expense If Cosmic Coffee can increase sales revenue by 11%, keeping the sales mix the same, operating Income will be $ 49,020 S 75,000 6,000 1,000 Prepare a summary contribution margin income statement to prove your answer above. (For amounts with a $0 balance, makes General and administrative expense 82,000 S 82,000 Contribution margin Less fixed expenses: Marketing expense S 33,600 General and administrative expense 8,400 42,000 S Cosmic Coffee Effect on Operating Income of 11% Increase in Sales Volume Current level Percent increase Dollar increase Sales revenue 144000 11% 15840 Less: Variable expenses (72000) 11% (7920) Contribution margin 7920 Change in fixed experises 30000 Operating income before sales increase 379201 Operating income after sales increase Operating income 40,000 Print Done