Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Amoun S 122,000 48,800 73,200 21,000 $ 52,200 f Sales 100% 40% 60% Sales Variable expenses Contribution margin Fixed expenses Net operating income Required: 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places) Degree of operating leverage 1.40 on net operating income of a 14% increase in sales. (Round your intermediate calculations to 2 2 Using the degree of operating leverage, estimate the impact decimal places. Round your percentage answer to 2 decimal places (i.e .1234 should be entered as 12.34)-1 ncreases 19 60 3. Construct a new contribution format incom e statement for the company assuming a 14% increase in sales. Engberg Company Contribution Income Statement Total $ 139,080 55,630 83,450 21,000 Net operating income 62,450 Sales ariable expenses Contribution margin ixed expenses