Saved Help Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement f Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 137,000 54,800 82,200 18,000 $ 64,200 Percent of Sales 100% 40% 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 12% increase in sales 3. Construct a new contribution format income statement for the company assuming a 12% 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 leverage 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 12 3. Construct a new contribution format income statement for the company assuming a 12% incre 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 12% incr intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (i- as 12.34).) Net operating income lby % increases decreases