PAYABLE/RECEIVABLE/INVENTORY/ PREPAID INSURANCE/ PREPAID RENT / SALARIES PAYABLE / UTILITIES PAYAYBLE / DEPRECIATION EXPENSE

ACCOUNT TITLES

NET INCOME/LOSS

INCREASE OR DECREASE TO ACCOUNTS PAYABLE/RECEIVABLE/INVENTORY/ PREPAID INSURANCE/ PREPAID RENT / SALARIES PAYABLE / UTILITIES PAYAYBLE / DEPRECIATION EXPENSE

Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the curren (Amounts to be deducted should be indicated with a minus sign.) Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow