Lansing Company$$s current$-$year income statement and selected balance sheet data at December $31$ of the current and prior years follow.Lansing Company's current$-$year income statement and selected balance sheet data at December $31$ of the current and

prior years follow.

Required:

Prepare the operating activities section of the statement of cash flows using the direct method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

Answer is complete but not entirely correct.

LANSING COMPANY

Cash Flows from Operating Activities$-$Direct Method

For Current Year Ended December $31$