Companies can use a spreadsheet to complete the statement of cash flows. Each item that follows is recorded in the transaction analysis columns of the spreadsheet. Identify each as being recorded by a Debit or Credit in the statement of cash flows section of the spreadsheet. a. Net income ▼ b. Increases in current assets (other than Cash) c. Decreases in current liabilities d. Cash payment for acquisition of plant assets e. Cash receipt from issuance of common stock f. Depreciation expense

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.