Check my work 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 Percent of Sales $ 142,000 100% 56,800 40 85,200 608 23,000 $ 62,200 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 29% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 29% 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 Hint Required 1 Required 2 Required 3 Print erences Using the degree of operating leverage, estimate the impact on net operating income of a 29% increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i.e.1234 should be entered as 12.34).) Net operating income by % < Required 1 Required 3> 3:53:42 Required 1 Required 2 Required 3 Book Construct a new contribution format income statement for the company assuming a 29% increase in unit sales. Hint Print ferences Engberg Company Contribution Income Statement Amount Percent of Sales % % % < Required 2 Required 3>