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Help Save & Ext Check my Required information The following information applies to the questions displayed below Lansing Company's 2018 comestament and selected balance sheets
Help Save & Ext Check my Required information The following information applies to the questions displayed below Lansing Company's 2018 comestament and selected balance sheets for current sets and current December 31 2017 and 2018, follow LISTICO Icon $100,00 cost of cesad Deprecate Sari 45. , 21. 1. . 1. B 710 Repeat AU Swed Help Save 4 A December vable Actable Salaries wat fredine 2010 $5.0 15.400 2.00 1. 4.7 5.2 730 190 18 3 Required Deprechom operacion comowy 20 connected mounts to be deducted should be indicated with a min Required information [The following information applies to the questions displayed below. Lansing Company's 2018 income statement and selected balance sh December 31, 2017 and 2018, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2018 Sales revenue $106,200 Expenses Cost of goods sold 45,000 Depreciation expense 13,500 Salaries expense 21,000 Rent expense 9,300 Insurance expense 4,100 Interest expense 3,900 Utilities expense 3,180 Net income $ 6,300 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2018 2017 Accounts receivable $5,900 56,400 Inventory 2,280 1,690 Accounts payable 4,700 5,200 Salaries payable 94e 730 utilities payable 288 190 Prepaid Insurance 290 340 Prepaid rent 28e 210 Required: Prepare the cash flows from operating activities section only of the company's 2018 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, 2018 Cash Bowstrom operating activities 0
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