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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales Variable expenses Contribution margin Fixed expenses Het operating income Amount $ 145,000 58.400 87,600 10,000 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 30% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 30% increase in sales. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Recured MacBook Air $ 4 % 5 2 3 6 7 8 E R T Y U 1 O s F G H L C V B N M 8 command d 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 30% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 30% increase in sales. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 30% increase in sales. (Round your Intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (6.1234 should be entered as 12.34).) Net operating income increases MacBook Air # 3 $ 4 % 5 & 7 6 8 2 9 W E R T Y O P U s D F G H J K