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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statem 16 Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 127,000 50,800 76,200 23,000 $ 53,200 Percent of Sales 100% 48 60% 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 unit sales. 3. Construct a new contribution format income statement for the company assuming a 24% Increase in unit 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 2 >