Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income stateme Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 149,90 59,680 89,480 20,000 $ 69,480 Percent of Sales 100% 40% 6ex 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 26% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 26% 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 26% increase in sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34).) Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 26% increase in sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (.e.1234 should be entered as 12.34).) Net operating income increases by % Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 26% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % Sales % 0 0 % Variable expenses Contribution margin Fixed expenses Net operating income $ 0