Check my wo Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales Sales $ 143, 000 1008 Variable expenses 57, 200 408 Contribution margin 85, 800 608 4:06:58 Fixed expenses 23, 000 Net operating income $ 62, 800 pped Required: Book 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 26% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 26% increase in sales. Hint Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 References What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degree of operating leverage Required 1 Required 2 >