Your answer is partially correct. Try again. The CVP income statements shown below are available for Armstrong Company and Contador Company Armstrong Co. Contador Co. Sales Variable costs Contribution margin Fixed costs Net income $495,000 239,000 256,000 159,000 $97,000 $495,000 51,000 444,000 347,000 $97,000 (a) Compute the degree of operating leverage for each company. (Round answers to 3 decimal places, e.g. 1.150.) Degree of Operating Leverage Armstrong Contador (b) Assuming that sales revenue increases by 10%, prepare a variable costing income statement for each company Armstrong Compan Contador Compan Sales Revenue Variable Costs Contribution Margin Fixed Costs Net Income/(Loss)