Suburban Landscape provides landscaping design and Installation for residential and commercial properties. The company's recent annual contribution format income statement follows: Percent of Sales 100% 40% 6ex Amount $ 138,000 55,200 82,800 17, $ 65,800 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 17% increase in sales 3. Construct a new contribution format income statement for the company assuming a 17% increase in sales, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 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 17% increase in sales 3. Construct a new contribution format income statement for the company assuming a 17% 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.) Dogree of operating leverage (Required 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 17% increase in sales 3. Construct a new contribution format income statement for the company assuming a 17% increase in sales. Complete this question by entering your answers in the tabs below. Required 3 Required 1 Required 2 % Using the degree of operating leverage, estimate the impact on net operating income of a 17% increase in sales. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places (ie 0.1234 should be entered as 12.343) by Required 3 > Net operating income