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 11 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net Income $ 139,200 At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid Insurance Prepaid rent LANSING COMPANY Selected Balance Sheet Accounts Current Year $7,000 3,300 5,800 1,160 500 400 56,000 19,000 32,000 10,400 5,200 5,000 4,200 $ 7,400 38 Prior Year $ 8,000 2,240 7,400 840 300 560 320 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. Note: Amounts to be deducted should be indicated with a minus sign.