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 $ 129,000 51,600 77,400 17,000 $ 60,400 Percent of Sales 100: 408 608 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 16% Increase in sales. 3. Construct a new contribution format income statement for the company assuming a 16% increase in 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 16% Increase in sales. 3. Construct a new contribution format Income statement for the company assuming a 16% 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 2 decimal places.) Degree of operating leverage Required 2 > 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 16% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 16% 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 16% increase in sales. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places ().e 0.1234 should be entered as 12,34).) Net operating income by % 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 16% Increase in sales, 3. Construct a new contribution format income statement for the company assuming a 16% 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 16% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales