Techtronics Software, Inc. specializes in customized spreadsheet software. The results of the company's operations during the prior year (20xx) are given in the following table. All units produced during the year were sold. (Ignore income taxes.) $3,900,000 545,000 1,090,000 Sales revenue Manufacturing costs: Fixed Variable Selling costs: Fixed Variable Administrative costs: Fixed Variable 59,000 145,000 129,000 39,000 Required: 1-a. Prepare a traditional income statement for the company. 1-b. Prepare a contribution income statement for the company. 2. What is the firm's operating leverage for the sales volume generated during the prior year? 3. Suppose sales revenue increases by 15 percent. What will be the percentage increase in net income? Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Reg 3 Prepare a traditional income statement for the company. TECHTRONICS SOFTWARE, INC. Income Statement For the Year Ended December 31, 20XX S 0 Less: operating expenses: 0 S 0 Prepare a contribution income statement for the company. TECHTRONICS SOFTWARE, INC. Income Statement For the Year Ended December 31, 20XX Less: Variable expenses: 0 S 0 Less: Fixed expenses: What is the firm's operating leverage for the sales volume generated during the prior year? (Round your answer to 2 decimal places.) *** Operating leverage factor Suppose sales revenue increases by 15 percent. What will be the percentage increase in net income? (Round intermediate calculations and final answer to 2 decimal places.). Percentage increase in net income %