Need help with problem #1. Thank you in advance

1 1.25 points Skipped eBook Hit Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows: Percent of Sales 100% 40 60% Salen Variable expenses Contribution margin Pixed expenses Net operating income Anount $ 139,000 55,600 83,400 17,000 $ 66,400 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 17% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 17% 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? (Round your answer to 2 decimal places.) Degree of operating leverage Ch pped Book int Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution format income statement follows Percent of Sales 100% 40 60% Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 139,000 55,600 83,400 17,000 $ 66,400 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 17% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 17% increase in unit sales. Complete this question by entering your answers in the tabs below. by Required 1 Required 2 Required 3 Using the degree of operating leverage, estimate the impact on net operating income of a 17% Increase in unit sales. (Round your intermediate calculations to 2 decimal places. Round your percentage answer to 2 decimal places (l.e.1234 should be entered as 12.34).) Net operating income kipped Book Hint 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 17% increase in unit sales. 3. Construct a new contribution format income statement for the company assuming a 17% increase in unit sales. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Construct a new contribution format income statement for the company assuming a 17% increase in unit sales. Engberg Company Contribution Income Statement Amount Percent of Sales % % %