Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows:

Sales: $80,000 (100% of sales)

Variable expenses: $32000 (40% of sales)

Contribution margin: $48000 (60% of sales)

Fixed expenses: $38000

Net operating income: $10000

Construct a new contribution format income statement for the company assuming a 5% increase in sales