Lansing Company's current$-$year Income statement and selected balance sheet data at December $31$ of the current and prior years follow.

LANSING COMPANY

Selected Balance Sheet Accounts

At December $31$ Current Year. Prior Year

Accounts recelvable $5,6,300$

inventory

$2,680$

&$.2,200$

Accounts payable

$5\mathrm{.}106$

Salaries payable

$1,120$

$1,890$

Utilities payable

Prepaid insurance

$360$

$6,000$

Prepaid rent

$3$:$6$

$110$

$230$

$420$

$360$

$259$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

LANSING COMPANY

Cash Flows from Operating Activities$-$Indineot Method

For Current Year Ended December $31$