7 Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: 125 points Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 141,000 56,400 84,600 23,000 $ 61,600 Percent of Sales 100% 40x 60% eBook Hint References 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 20% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 20% 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 leverage Required 2 > Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 20% increase in unit sales. (Roung your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (1.e.1234 should be entered as 12.34).) Net operating income by % Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 20% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales %