5-9 (15 pts) 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 Sales $ 142,000 1005 Variable expensen 56,800 40 Contribution margin 85,200 601 Fixed expenses 21.000 Net operating Income $ 64,200 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 21% increase in unit sales. 3. Construct a new contribution format Income statement for the company assuming a 21% increase in unit sales. ces 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 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 21% Increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (.e 1234 should be entered as 12.34).) Net operating income by % Engberg Company Contribution Income Statement Amount Percent of Sales % % % es