Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 New equipment has come onto the market that would allow Morton Company to automate a portion of its operations. Variable expenses would be reduced by $8.70 per unit. However, fixed expenses would increase to a total of $657,720 each month. Prepare two contribution format income statements, one showing present operations and one showing how operations would appear if the new equipment is purchased. (Round "Per Unit" to 2 decimal places.) Show less A Morton Company Contribution Income Statement Present Proposed Amount Per Unit Sales 1,218,000 $ Variable expenses 1,218,000 Contribution margin 0 $ Fixed expenses Net operating income. 0 < Required 1 $ 29.00 $ 29.00 0.00 Amount 1,218,000 (852,600) 365,400 $ 64,800 14.4 (292,320) Per Unit $ Required 2 > 0.00 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Refer to the income statements in (1). For the present operations and the proposed new operations, compute (a) the degree of operating leverage, (b) the break-even point in dollar sales, and (c) the margin of safety in dollars and the margin of safety percentage. (Do not round intermediate calculations. Round your percentage answers to 2 decimal places (l.e. .1234 should be entered as 12.34).) Show less A Present Proposed a. Degree of operating leverage b. Break-even point in dollar sales c. Margin of safety in dollars Margin of safety in percentage < Required 1 Required 3 >