help

Forten Company's current year income statement, comparative balance sheets, and additional information follow- For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all Required: Prepare the operating activities section of the statement of cash flows using the indirect methodfor the current year Note: Amounts to be deducted should be indicated with a minus sign. LANSING COMPANY Cash Flows from Operating Activitieslndirect Meth0d For Current Year Ended December 31 cash flows trom operating actN1ts: Adjustments to reconcue net Income to net cash provided by operabons Income statement Rems not affecting cash Changes in current assets and current liabilities 1. Prepare a complete statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with e minus sign. Statement of Cash Flows For Current Year Ended December3 Cash flows from operating activities Adjustments to reconcile net income to net cash provkied by operations: Income statement items not affecting cash Changes in current assets and current liabiftjes Cash flows from investing activities Cash flows from financing actvities: Net increase (decrease) In cash Cash balance at December 31 prior year Cash balance at December 31 current year