Percent of Sales 100% 408 608 Amount $ 124,000 49,600 74,400 15,000 $ 59,400 Sales Variable expenses Contribution margin Fixed expenses Net operating income 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 23% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 23% increase in unit sales. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 23% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales Sales 123 X % Variable expenses Contribution margin Fixed expenses 159,960 63,984 X 95,976 2,100 X $ 93,876 40% 83 % oooo Net operating income