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Lansing Company's current year income statement and selected balance sheet data at December 31 of the current and prior years follow LANSING COMPANY Income Statement
Lansing Company's current year income statement and selected balance sheet data at December 31 of the current and prior years follow LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $109,280 Expenses Cost of goods sold 46,00 Depreciation expense 14, Salaries expense 22.000 Rent expense 9.000 Insurance expense Interest expense Utilities expense Net income Prior Year LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $6.000 Inventory 2.380 Accounts payable 4. SIN Salaries payable Utilities payable Prepaid insurance Prepaid rent Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year (Amounts to be deducted should be Indicated with a minus sign.) LAN SING COMPANY Cash Flows from Operating Activities-indirect Method For Current Year Ended December 31 Cash flows from operating activities: et income Adjustments to reconcile net income to net cash provided by operations
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