Sales Variable expenses Contribution margin Fixed expenses Net operating income Amount $ 141,000 56,400 84,600 24,000 $ 60,600 Percent of Sales 100% 408 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 20% increase in sales. 3. Construct a new contribution format income statement for the company assuming a 20% increase in 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 (Required Required 2