Lansing Companys current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. (Please explain how you the answers)

LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 54,00018,00030,00010,2005,0004,8004,000$7,200 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance $6,800 $8,200 3,180 2,140 Prepaid rent 5,600 7,000 1,120 820 460 280 520 380 300 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current yeal Note: Amounts to be deducted should be indicated with a minus sign