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: Percent of Amount Sales $ 90,000 36,000 100% 40 54,000 60% 42,300 $ 11,700 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 6% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales. Answer is not complete. 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 6% increase in unit sales. Note: 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> Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of 2:40:09 Sales Variable expenses: Contribution margin Fixed expenses Net operating income Required: Amount Sales $ 90,000 100% 36,000 40. 54,000 60% 42,300 $11,700 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 6% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 6% increase in unit sales. Answer is not complete. 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 6% increase in unit sales. Engberg Company Contribution Income Statement Percent of Amount Sales % % 0 0 % $ 0 < Required 2 Required 3