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 Amount $ 128,000 51,200 76,800 17,000 $ 59,800 Percent of Sales 1083 40% 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 23% Increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 23% increase in unit sales Complete this question by entering your answers in the tabs below. ho 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 lage Regent Required 2 > 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 Amount $ 128,000 51 200 76,800 17,000 $ 59,800 Percent of Sales 100% 40X 6 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 23% increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 23% Increase in unit 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 23% increa your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal place entered as 12.34):) by 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 Amount $ 128,000 51,200 76,800 17,000 $ 59,800 Percent of Sales 100% 40% 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 23% Increase in unit sales 3. Construct a new contribution format income statement for the company assuming a 23% increase in unit 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 23% increase Engberg Company Contribution Income Statement Amount Percent of Sales Regreda m