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 $157,200 Expenses Cost of goods sold 62,000 Depreciation expense 22,000 Salaries expense 38,000 Rent expense 11,000 Insurance expense 5,800 Interest expense 5,600 Utilities expense 4,800 Net income $ 8,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $7,600 Inventory 3,980 Accounts payable 6,400 Salaries payable 1,280 Utilities payable 620 Prepaid insurance 460 Prepaid rent 620 Prior Year $9,800 2,540 8,600 900 360 680 380 Amounts Check my work Salaries payable Utilities payable Prepaid insurance Prepaid rent 1,280 620 460 620 900 360 680 380 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.) LANSING COMPANY Cash Flows from Operating Activities Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations