Engberg Company Installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Percent of Sales 100% 40 60% Amount $80,000 32.000 48,000 38,000 $ 10,000 Variable expenses Contribution margin Fixed expenses Net operating income 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 sales 3. Construct a new contribution format income statement for the company assuming a 5% increase in 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 1 decimal place.) Degree of operating leverage Required 2 > Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount $80,00 100% 32,000 Sales Variable expenses Contribution margin Fixed expenses Niet operating income 48,000 38,000 $10,000 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 sales. 3. Construct a new contribution format income statement for the company assuming a 5% 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 5% increase in sales. (Do not round intermediate calculations.) (Alt + A) Net operating income Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Amount $ 80, een 32,eee 48,000 Sales Variable expenses Contribution margin Fixed expenses Net operating income 60% $ 10,000 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 sales. 3. Construct a new contribution format income statement for the company assuming a 5% increase in sales 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 5% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales (Alt + A)