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LANSING COMPANY Selected Balance Sheet Accounts red: re the operating activitles section of the statement of ca: Amounts to be deducted should be Indlcated with a m Lansing Company's current-year Income statement and selected balance sheet data at December 31 of the current a prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $103,20 Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 44,000 13,0 20,000 9,260 4, 900 3,8 $6,2003,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Current Year $5,800 2,18 4,600 4,600 926 Prior Year \$ 6,200 1,64 5,600 Required: Prepare the operating actlvitles section of the statement of cash flows using the Indirect method for the current Note: Amounts to be deducted should be Indicated with a minus sign. LAN SING COMPANY