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Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 120,000 48,000 72,000 20,000 $ 52,080 Percent of Sales 100% 404 604 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 10% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 10% 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 leverige 138 Required 2 > 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 10% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 10% increase in sales. 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 10% Increase in sales. (Do not round Intermediate calculations, Round your percentage answer to 2 decimal places (i.e 0.1234 should be entered as 12.3 Net operating income increases by 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 10% Increase in sales. 3. Construct a new contribution format income statement for the company assuming a 10% increase in sales. 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 10% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % 0 % 0 $ 0