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le.com/document/d/1e981Gx2rsWR2z30koG5pzicJ7jzg11uF15u9QNHcyvM/edit 100% , Normal text . Arial ing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December
le.com/document/d/1e981Gx2rsWR2z30koG5pzicJ7jzg11uF15u9QNHcyvM/edit 100% , Normal text . Arial ing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016, and 2017, follow. LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable... Ultilities payable Prepaid insurance Prepaid rent 2016 $5,600 .. 1,980 .. 4,400 880 $5,800 1,540 4,600 700 220 280 180 ....220 LANSING COMPANY Income Statement For Year Ended December 31, 2017 $97,200 ales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 42,000 . 12,000 18,000 9,000 3,800 3,600 2,800 $6,000 . . Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method
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