ed 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 For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income $ 124,200 51,000 16,500 27,000 9,900 4,700 4,500 3,700 $ 6,900 nces At December 31 LANSING COMPANY Selected Balance Sheet Accounts Accounts receivable Current Year Prior Year Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent $ 6,500 $ 7,600 2,880 1,990 5,300 6,400 1,060 790 400 250 350 460 400 270 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.) LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities nces 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.) 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 Income statement items not affecting cash Changes in current assets and current liabilities