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	$ 142,200
Expenses
Cost of goods sold	57,000
Depreciation expense	19,500
Salaries expense	33,000
Rent expense	10,500
Insurance expense	5,300
Interest expense	5,100
Utilities expense	4,300
Net income	$ 7,500

LANSING COMPANY
Selected Balance Sheet Accounts
At December 31	Current Year	Prior Year
Accounts receivable	$ 7,100	$ 8,800
Inventory	3,480	2,290
Accounts payable	5,900	7,600
Salaries payable	1,180	850
Utilities payable	520	310
Prepaid insurance	410	580
Prepaid rent	520	330

Problem 16-2AB (Algo) Direct: Computing cash flows from operations LO P5

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.)