Lansing Companys 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 $ 103,200 Expenses Cost of goods sold 44,000 Depreciation expense 13,000 Salaries expense 20,000 Rent expense 9,200 Insurance expense 4,000 Interest expense 3,800 Utilities expense 3,000 Net income $ 6,200 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 5,800 $ 6,200 Inventory 2,180 1,640 Accounts payable 4,600 5,000 Salaries payable 920 720 Utilities payable 260 180 Prepaid insurance 280 320 Prepaid rent 260 200 Required:

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be indicated with a minus sign.

\begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ LANSING COMPANY } \\ \hline \multicolumn{1}{|c|}{ For Current Year Ended December 31} \\ \hline Cash flows from operating activities: & & \\ \hline & & \\ \hline Adjustments to reconcile net income to net cash provided by operations: & & \\ \hline Income statement items not affecting cash & & \\ \hline & & \\ \hline Changes in current assets and current liabilities & & \\ \hline & & \\ \hline \hline & & \\ \hline \hline & & \\ \hline \hline \end{tabular}