Check my work Suburban Landscape provides landscaping design and installation for residential and commercial properties. The company's recent annual contribution format Income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 148, eee 59,200 88,800 25 , $ 63,800 Percent of Sales 100% 4ex 60% 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 27% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 27% 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 leverago Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 148,000 59,200 88,800 25,000 $ 63,800 Percent of Sales 100% 40 603 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 27% increase in sales 3. Construct a new contribution format income statement for the company assuming a 27% Increase in sales Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 27% increase in sales. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places (.e 0.1234 should be entered as 12.34). by % Net operating income 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 27% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 27% increase in sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 27% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % %