0.9 points eBook: Hint 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 income Required: Amount $ 127,000 Percent of Sales 100% 50,800 40% 76,200 60% 21,000 $ 55,200 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 12% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 12% increase in unit sales. Complete this question by entering your answers in the tabs below. References i Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 12% increase in unit sales. Sales Variable expenses Contribution margin Fixed expenses Engberg Company Contribution Income Statement Amount Percent of Sales % % 0 0% $ 0 Net operating income