O Required information [The following information applies to the questions displayed below.) Lansing Company's 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 $ 133,200 Expenses Cost of goods sold 54,000 Depreciation expense 18,000 Salaries expense 30,000 10,200 Insurance expense 5,000 Interest expense 4,800 Utilities expense 4,000 $. 7,200 Rent expense Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 6,000 5 8,200 Inventory 3,180 2,140 Accounts payable 5,600 7.000 Salaries payable 1.120 820 Utilities payable 460 280 Prepaid insurance 380 520 Prepaid rent 460 300 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.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 Cash flows from operating activities