Engberg Company Installs lawn sod in home yards. The company's most recent monthly contribution format Income statement follows: Percent of Amount Sales Sales $ 98, 000 100% variable expenses 39, 200 40% Contribution margin 58, 800 60% Fixed expenses 45, 080 Net operating income $ 13, 720 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 5% Increase In unit sales. 3. Construct a new contribution format Income statement for the company assuming a 5% Increase In unit sales. Complete this question by entering your answers in the tabs below. 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 leverage