Ch5 homework Savad Help Save & ExltSubmit Check my work Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales Amount Sales Variable expensea Contribution nargin Pixed expenses Nct operating income 147,000 58,800 B8,200 25,000 S 63,200 100 0.72 points 102 601 eBook 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 23% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 23% increase in sales. Hint Print Complete this question by entering your answers in the tabs below Required Required 2Required 3 Construct a new contribution format income statement for the company assuming a 23% increase in sales Engberg Company Contribution Income Statement Amount Percent of Sales Sales Contribution margin 0% Ixed expenses Net operating income Required 2 Required 3 Hill