Chapter 16-Homework Seved Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow Income Statenent 25 Sales revenue $133,280 Cost of goods sold Salaries expense Rent expense tnsurance expense Interest expense utilities expense 54,800 18,800 36,860 1e,200 5,006 4,800 Net incone s 7,288 eterences Selected Balance Sheet Accounts $ 5,8e0 5 8,200 3,180 2,140 Accounts payable Salaries payable tlities payable Prepaid insurance Prepald rent 1, 12082 380 52 460 Problem 16-1A Indirect: Computing cash flows from operations LO P2 Required Prepare the cesh flows from operating activties section only of the company's 2017 statemes of cesh hows using the indirect method Amounts to be deducted should be Indicated with a minus sign) Cash Flows from Operating Aciviies-Indirect Melhod For Year Ended December 31,2017