Help Save Saved ork Required information [The following information applies to the questions displayed below) Lansing Company's urrent-year income statement and selected balance sheet data at December 31 of the current and prior years follow LANSING COMPANY Income Statement Por Currit Year Ended December 31 Sales revenue $145,200 Expenses Cost of goods sold 58,000 Depreciation expense 20,000 Salaries expense 34,00 Rent expense 10.600 Insurance expense 5,400 Interest expense 5.200 Utilities expense Net income $ 7,600 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $7,200 Inventory 3,580 hccounts payable 6,000 Salaries payable 1,200 Utilities payable 540 Prepaid insurance 420 Prepaid rent 540 Prior Year $9,000 2,340 7,800 860 320 600 340 21 A MacBook Air 80 DOO FS F6 FO $ % &