Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Percent of Sales 100% 40 Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 128,000 51,200 76,800 20,000 $ 56,800 tex 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 12% increase in unit sales, 3. Construct a new contribution format income statement for the company assuming a 12% 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:)