Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Amount Percent of Sales Sales $ 134,000 100% Variable expenses Contribution margin 53,600 40% 80,400 60% Fixed expenses 22,000 Net operating income $ 58,400 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 17% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 17% increase in sales. nswers in the tabs below. Complete this question by entering your answe Required 1 Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places.) Degre of operating leverage Required 1 Required 2 >