Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follo Percent of Sales 100% 40% 60% Amount Sales Variable expenses Contribution margin Fixed expenses Net operating income $134,000 53,600 80,400 19,000 $ 61,400 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 19% increase in sales 3. Construct a new contribution format income statement for the company assuming a 19% increase in sales Complete this question by entering your answers in the tabs below Required 1Required 2 Required 3