Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of 1000 408 Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 123,000 49,200 73,800 22,000 $ 51,800 603 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 24% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 24% increase in sales. Complete this question by entering your answers in the tabs below Required Required 2 Required 3