Check my work Required information The following information applies to the questions isplayed 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 Incore Statement For Current Year Ended December 31 Sales revenue $133,200 Expenses Cost of goods sold 54,00 Depreciation expense 18.00 Salaries expense 38, eee Rent expense 18, 2ee Insurance expense 5, Bee Interest expense 4,888 Utilities expense 4,000 Net income $ 7,200 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $6,800 Inventory 3,180 Accounts payable 5,600 Salaries payable 1,120 Utilities payable 460 Prepaid insurance 380 Prepaid rent 460 Prior Year $8.200 2.140 7.000 82e 280 52e 38e Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be Handle ha intestatult mine innt LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations 0 $ 0