dpplies to the questions displayed below.] Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2017 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 W LANSING COMPANY Selected Balance Sheet Accounts At December 31 2017 Accounts receivable $ 5,600 Inventory 1,980 Accounts payable 4,400 Salaries payable 880 Utilities payable 220 Prepaid insurance 260 Prepaid rent 220 2016 $ 5,800 1,540 4,600 700 160 286 180 Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) of 2 LANSING COMPANY Cash Flows from Operating Activities Indirect Method For Year Ended December 31, 2017 Cash flows from operating activities: ok nt Adjustments to reconcile net income to net cash provided by operations: ences Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31, 2017 Cash flows from operating activities