2 HW Saved Help Save & Exit Submit Check my work Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Amount Sales ed Sales Variable expenses Contribution margin Fixed expenses $ 132,000 100% 52,800 40. 79,200 608 18,000 Net operating income $ 61,200 k Required: it nces 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 29% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 29% increase in unit 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? Note: Round your answer to 2 decimal places. Degree of operating leverage