5 points 1 eBook ! Required information [The following information applies to the questions displayed below.] Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement Print References For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense $139,200 56,000 19,000 32,000 10,400 5,200 5,000 Utilities expense 4,200 Net income $ 7,400 Rent expense Insurance expense Interest expense LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent Current Year Prior Year $7,000 $8,600 3,380 2,240 5,800 7,400 1,160 840 500 300 400 560 500 320 Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)