A company's income statement showed the following: net income, $125,000 and depreciation expense, $30,300. An examination of the company's current assets and current liabilities showed the following changes: accounts receivable decreased $9,500; merchandise inventory increased $18,200; and accounts payable increased $3,500. Calculate the net cash provided or used by operating activities.

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.