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 $ 97,200 Expenses Cost of goods sold 42,000 Depreciation expense 12,000 Salaries expense 18,000 Rent expense 9,000 Insurance expense 3,880 Interest expense 3,600 Utilities expense 2,500 Net Income $ 6,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 current Year Accounts receivable $ 5,500 Inventory 1.980 Accounts payable 4.400 Salaries payable 380 Utilities payable 220 Prepaid insurance 260 Prepaid rent 220 Prion Year $5,500 1.540 4.600 200 160 280 130 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities Direct Method For Current Year Ended December 31 Cash flows from operating activities Cash payments for insurance $ 260 Cash payments for interest 3,600 Cash payments for rent 220 Cash payments for salaries 880 Cash payments for utilities 220 Cash payments to suppliers Cash receipts from customers Net cash provided by operating activities 5.180