Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format Income statement follows: Percent of Sales 1001 401 600 Amount $ 134,000 53,600 80,400 18,000 $ 62,400 Sales Variable expenses Contribution margin Fixed expenses Net operating income 3 ok 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 26% increase in sales 3. Construct a new contribution format income statement for the company assuming a 26% Increase in sales, rint erences Complete this question by entering your answers in the tabs below Required: Required 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places) Degree of operating leverage Rogud Required 2 > Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 26% Increase in sales. (Round your Intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (1.e.1234 should be entered as 12.34).) Net operating income by % Required 1 Required 2 Recuired 3 Construct a new contribution format Income statement for the company assuming a 26% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % % Required 2 Raqueen HE Nov