Lansing Companys 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 companys 2017 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

Required Information Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Incone Statenent For Year Ended December 31, 2817 Sales revenue 115,200 Expenses Cost of goods sold 48,eee Depreciation expense 15,eee Salaries expense 24,eee Rent expense 9,68e Insurance expense 4,4ee Interest expense 4,2ee Utilities expense 3,4ee Net income 6,680 LANSING COMPANY Selected Balance Sheet Accounts At Decemberr 31 2817 2816 $ 6,20e 2,580 Accounts receivable 7,eee Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 1,84e 5,ee0 5,80e 1,eee 76e 34e 22e 480 320 340 240 Required Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method. (Amounts to be deducted should be Indlcated with a minus sign.) LAN SING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31, 2017 Cash flows from operating activities Cash payments to suppliers (40.540) Cash payments for salaries 8.200 Net cash provided by operating activities S (43,340)