Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. lequired: repare the operating activities section of the statement of cash flows using the direct method for the current year. lote: Amounts to be deducted should be indicated with a minus sign. 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