1.Lansing Companys 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow.

Prepare the cash flows from operating activities section only of the companys 2015 statement of cash flows using the indirect method.(Amounts to be deducted should be indicated with a minus sign.)

**DATA ATTACHED**

2.For each of the above three separate cases, use the information provided about the calendar-year 2016 operations of Sahim Company to compute the required cash flow information.

**DATA ATTACHED**

\fANSWER OPTIONS FOR DROP DOWN ARROW UNDER CASH FLOWS FROM OPERATING ACTIVITIES: OPTIONS FOR ADJUSTMENTS TO RECONCILE NET INCOME