Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of 1000 Amount $ 146,000 58,400 87,600 18.000 $ 69,600 Sales Variable expenses Contribution margin Pixed expenses Het operating income 401 608 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 30% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 30% increase in sales. Complete this question by entering your answers in the tabs below. Required 1 Rered 2 Required 3 What is the company's degree of operating leverage? (Round your answer to 2 decimal places) MacBook Air 0 $ 4 B 7 6 5 3 C T Y R E W . H K G F D S B N M V C Com command 40% 605 Variable expenses Contribution margin Fixed expenses Net operating income 58.400 87,600 18,000 $ 69,600 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 30% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 30% 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 30% increase in 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 MacBook Air 883 & 7 % 5 9 8 # 3 4 Y T C R E W . K G F S D M N B v buon format income statement for the company assuming a suo 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 30% Increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % MacBook Air 90F % 5 9 8 7 6 3 4 Y T R W E H K G F S D M N . B v se