Eneliko Company installs home theater systems. The companys most recent monthly contribution format income statement appears below: Amount Percent of Sales Sales $ 123,000 100% Variable expenses 49,200 40% Contribution margin 73,800 60% Fixed expenses 24,000 Net operating income $ 49,800 Required: 1. Compute the companys degree of operating leverage. (Round your answer to 2 decimal places.) Degree of operating leverage 2. Using the degree of operating leverage, estimate the impact on net operating income of a 16% increase in sales. (Input the amount as a positive value. Round your intermediate calculations and final answers to 2 decimal places.) Net operating income by % 3. Construct a new contribution format income statement for the company assuming a 16% increase in sales. (Input all amounts as positive values except losses which should be indicated by a minus sign.) Contribution Income Statement Total $ $