Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40% Amount $129,000 51,600 Sales Variable expenses Contribution margin Fixed expenses 60% 77,400 19,000 $ 58,400 Net operating income Required: 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places.) Degree of operating leverage 2. Using the degree of operating leverage, estimate the impact on net operating income of a 20% increase in sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal.places (i.e.1234 should be entered as 12.34),) by Net operating income Waiting for vpaid.junnya.com