05 Exercises & Problems Saved Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating incona Amount $ 131,000 53,600 80,480 19,000 $ 61,400 Percent of Sales 100% 40% 60% 2 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 13% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 13% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating loverago