1 Required information 5 The Foundational 15 (Algo) (LO5-1, LO5-3, LO5-4, LOS-5, LOS-6, LO5-7, LO5-8) {The following information applies to the questions displayed below) Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sa Variable expenses Contribution margin Fixed expenses Net operating Income $ 60,000 39,000 21,000 14.700 $6,500 Foundational 5-15 (Algo) 15. Assume that the amounts of the company's total variable expenses and total fixed expenses were reversed. In other words, assume that the total variable expenses are $14,700 and the total fixed expenses are $39,000. Using the degree of operating leverage, what is the estimated percent increase in net operating income of a 5% increase in unit sales? (Round your intermediate calculations and final answer to 2 decimal places.) Increase in net operating income %