00 Exercise 6-9 (Algo) Compute and Use the Degree of Operating Leverage (L06-8) Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows 1 ports 80000 Amount $ 149,000 59,600 Percent of Sales TOK 40% Sales Variable expenses Contribution margin Fixed expenses Net operating income 23,00 $ 66,400 Hunt Shoes Required: 1 What is the company's degree of operating leverage? 2. Using the degree of operating leverage, estimate the impact on net operating income of a 28% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 28% increase in unit sales Complete this question by entering your answers in the tabs below Required 1 Required? Recured Construct a new contribution format Income statement for the company assuming a 28% increase in unit sales Engberg Company Contribution Income Statement Mc nu ERE Niat 8 Complete this question by entering your answers in the tabs below 1 points 8 00:50:35 ook Required: Required2 Required Construct a new contribution format income statement for the company assuming a 28% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales Sales $ 190,720 1001 Variable expenses 76 288 4094 Contribution margin 114432 60% Foxed expenses 23.000 Net operating income $ 1.632 References