Please answer all multi parts accordingly. Kindly, show your work. Will upvote on accuracy and shown all work please.

net income // net loss?

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Required information Use the following information for the Problems below. [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 $139,200 Expenses Cost of goods sold 56,000 Depreciation 19,000 expense Salaries expense 32,000 Rent expense 10,400 Insurance expense 5,200 Interest expens 5,000 Utilities expense 4,200 Net income $ 7,400 LANSING COMPANY Selected Balance Sheet Accounts Current At December 31 Prior Year Year Accounts receivable $7,000 $8,600 Inventory 3,380 2,240 Accounts payable 5,800 7,400 Salaries payable 1,160 840 Utilities payable 500 300 Prepaid insurance 400 560 Prepaid rent 500 320 Problem 12-1A Indirect: Computing cash flows from operations LO P2 Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating ActivitiesIndirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations: 0 0 $