Chapter #5 Seved 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: Hercent of Sales Amount 124.00 49,500 74,400 18,000 556,400 Sales Variable expenses Contribution margin Fixed expenses Net operating income ex 60 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 29% increase in sales 3 Construct a new contribution format income statement for the company assuming a 29% increase in sales Complete this question by entering your answers in the tabs below Required 1 Required 2 Required What is the company's degree of operating leverage Round your answer to decimi place 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 29% Increase in 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 Required i Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 29% increase in sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % %