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 Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income At December 31 Accounts receivable Inventory Accounts payable Salarien payable Utilities payable Prepaid insurance Prepaid rent $ 133,200 ANSING COMPANY Selected Balance Sheet Accounts 54,000 18,000 30,000 10,200 Cash flows from operating activities 5,000 4,800 4,000 $ 7,200 Current Year Prior Year $ 6,800 $ 8,200 3,100 5,600 1,120 460 380 460 2,140 7,000 820 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.) Changes in current assets and current liabilities 280 520 300 LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Adjustments to reconcile net income to net cash provided by operations Income statement tems not affecting cash