99 Check my work Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: 20 points Percent of Sales 100% 40% Amount $ 135,000 54,000 81,000 23,000 $ 58,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income 60% eBook Hint Ask Required: Print References 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 sales. 3. Construct a new contribution format income statement for the company assuming a 28% increase in 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 1 Required 2 >