Lansing Company's 2016 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2015 and 2016, follow SING COMPANY Income Statement For Year Ended December 31 2016 $58,000 Sales revenue Expenses Cost of goods sold 21,000 Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense1 208 NSING C 5,500 Cash Flows from Operating Activities-Indirect Method 8,000 2,000 1,700 1,800 For Year Ended December 31, 2016 Cash flows from operating activities: Acjushments to reconcle net inrnme to net cash provided by cperahons $16,800 Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 2016 2015 Accounts receivable $3,800 $3,918 Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 1,058 959 1,200 1,298 308 48 110 130 140 110 440 70 1912x a25px 100% 6:39 PM O Type here to search