Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. Sales Revenue $124,200

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year.

LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Net income $ 6.900 Adjustments to reconcile net income to net cash provided by operations: Depreciation expense $ 16,500 Accounts receivable decrease 1.100 Prepaid insurance decrease 110 Prepaid rent increase (130) Inventory increase (890) Accounts payable decrease (1,100) Salaries payable increase 270 Utilities payable increase 150 16,010 Net cash provided by operating activities $ 22,910 LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Net income $ 6.900 Adjustments to reconcile net income to net cash provided by operations: Depreciation expense $ 16,500 Accounts receivable decrease 1.100 Prepaid insurance decrease 110 Prepaid rent increase (130) Inventory increase (890) Accounts payable decrease (1,100) Salaries payable increase 270 Utilities payable increase 150 16,010 Net cash provided by operating activities $ 22,910