Question 2 View Policies Current Attempt in Progress The CVP income statements shown below are available for Bonita Company and Coronado Company. Sales Variable costs Contribution margin Fixed costs Net income Bonita Co. Coronado Co. $500,000 $500,000 235,000 45,000 265,000 455,000 165,000 355,000 $100,000 $100,000 (21) Compute the degree of operating leverage for each company. (Round answers to 2 decimal places, e.g. 1.15.) Degree of Operating Leverage Bonita Coronado (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company. Bonita Company Coronado Company $ $