Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 148,000 59,200 38,00 23,000 $ 65,800 Percent of Sales 100x 40% 60 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 13% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 13% increase in unit 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 13% increase in unit sales. 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 13% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 13% 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 I Required 1 Required 2 > --- 2. Using the degree of operating leverage, estimate the impact on net operating income of a 13% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 13% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 ok nces Using the degree of operating leverage, estimate the impact on net operating income of a 13% Increase in unit 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 % 3 3. Construct a new contribution format income statement for the company assuming a 13% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 look Construct a new contribution format income statement for the company assuming a 13% increase in unit sales. rences Engberg Company Contribution Income Statement Amount Percent of Sales % % 0 % 0 5 0