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please help Lansing Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow
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Lansing Company's 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015, follow LANSING COMPANY Income Statement For Year Ended December 31, 2015 Sales revenue $ 60,000 Expenses Cost of goods sold 22.000 Depreciation expense 5,500 Salaries expense 9,000 Rent expense 2,000 Insurance expense 1,500 Interest expense 1,600 Utilities expense 1,200 Net income 17,200 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable $3,700 $3,830 Inventory 850 720 Accounts payable 1.200 Salaries payable 440 320 Utilities payable 70 Prepaid insurance 90 110 Prepaid rent 170 130 1,310 40 Prepare the cash flows from operating activities section only of the company's 2015 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating ActivitiesIndirect Method For Year Ended December 31, 2015 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations
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