Engberg Company installs lown sod in home yards. The company's most recent monthly contribution format income statement follows: Amount Percent of Sales Sales Variable expenses $139,000 100% 55,600 Contribution margin 83,400 40% 60% Fixed expenses 24,000 Het operating income $ 59,400 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 12% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 12% 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 2 decimal places.) Degree of operating leverage Required t - Required 2 >