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 $80, 880 32,68 48, 000 38, 833 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 5% increase in sales. 3, construct a new contribution format income statement ror the company assuming a 5% 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 1 decimal place.) 4.8 Required 2 >