Lansing Companys 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow.

Problem 12-1A indirect: Computing cash flows from operations LO P2 Lansing Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2015 $97,200 Sales revenue Expenses Cost of goods sold 42,000 Depreciation expense 12,000 Salaries expense 18,000 9,000 Rent expense Insurance expense 3,800 3.600 Interest expense 2,800 Utilities expense 6,000 Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 2015 2014 $5,600 $5,800 Accounts receivable Inventory 1.980 1.540 Accounts payable 4.400 4.600 880 700 Salaries payable Utilities payable 220 160 260 280 Prepaid insurance Prepaid rent 220 180