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

Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method.

LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue Expenses 97,200 Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 42,000 12,000 18,000 9,000 3,800 3, 600 2, 800 $ 6,000 Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 20172016 $5, 600$5,800 1,9801,540 4,4004,600 700 160 280 180 880 220 260 220 LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31, 2017 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for salaries Cash payments for rent Cash payments for insurance Cash payments for interest Cash payments for utilities 97,400 (42,640) (17,820) (9,220) et cash provided by operating activities 27,720