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Lansing Companys 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY

Lansing Companys 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow.

LANSING COMPANY Income Statement For Year Ended December 31, 2017
Sales revenue $ 130,200
Expenses
Cost of goods sold 53,000
Depreciation expense 17,500
Salaries expense 29,000
Rent expense 10,100
Insurance expense 4,900
Interest expense 4,700
Utilities expense 3,900
Net income $ 7,100

LANSING COMPANY Selected Balance Sheet Accounts
At December 31 2017 2016
Accounts receivable $ 6,700 $ 8,000
Inventory 3,080 2,090
Accounts payable 5,500 6,800
Salaries payable 1,100 810
Utilities payable 440 270
Prepaid insurance 370 500
Prepaid rent 440 290

Prepare the cash flows from operating activities section only of the companys 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

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