value 9.09 points Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Amount $121,000 48,400 Percent of Sales 100% 40% Sales Variable expenses 72.600 22,000 60% Contribution margin Fixed expenses Net operating income 50,600 Required 1. Compute the company's degree of operating leverage. (Round your answer to 2 decimal places.) of 2. Using the degree of operating leverage, estimate the impact on net operating icone of a 20% increase in sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places ie 1234 should be entered as 12 34 3. Construct a new contribution format income statement forthe company assurng a 26% ncease in sales. Engberg Company Contribution Income Statement Total