PLEASE CORRECT THE RED

Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Amount $142,000 56,800 Percent of Sales 100% 45% Sales Variable expenses 60 Contribution margin Fixed expenses 85,200 16,000 Net operating income$ 69,200 Required: 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places.) Answer is complete and correct Degree of operating leverage 1.23 2. Using the degree of operating leverage, estimate the impact on net operating income of a 19% 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).) Answer is complete but not entirely correct. Net operating income increases by 23.39 %