Lansing Company's 2016 income statement and selected balance sheet data (for current assets and current liabilities) at

Question:

Lansing Company's 2016 income statement and selected data (for current assets and current liabilities) at December 31, 2015 and 2016, follow.
LANSING COMPANY
Selected Accounts
At December 31 _________2016 _________2015
Accounts receivable . . . . . . $5,600 .......... $5,800
Inventory . . . . . . . . . . . . . . . 1,980 ............1,540
Accounts payable . . . . . . . . 4,400 .............4,600
Salaries payable . . . . . . . . . . 880 ................700
Utilities payable . . . . . . . . . . 220 ................160
Prepaid insurance . . . . . . . . 260 .................280
Prepaid rent . . . . . . . . . . . . 220 .................180
LANSING COMPANY
Income Statement
For Year Ended December 31, 2016
Sales revenue . . . . . . . . . . . . . . . . . . $97,200
Expenses
Cost of goods sold . . . . . . . . . . . . . . .42,000
Depreciation expense . . . . . . . . . . . . .12,000
Salaries expense . . . . . . . . . . . . . . . . 18,000
Rent expense . . . . . . . . . . . . . . . . . . . 9,000
Insurance expense . . . . . . . . . . . . . . . .3,800
Interest expense . . . . . . . . . . . . . . . . . 3,600
Utilities expense . . . . . . . . . . . . . . . . . 2,800
Net income . . . . . . . . . . . . . . . . . . . .$ 6,000
Required
Prepare the cash flows from operating activities section only of the company's 2016 statement of cash flows using the indirect method?
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...