Prepare the operating activities section of the statement of cash flows using the indirect method for the current year.

Please use the template below. The highlighted areas are answer slots.

Lansing Company's current-year Income statement and selected balance sheet data at December 31 of the current and prior years follow. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ LAN SING COMPANY } \\ \hline \multicolumn{1}{|c|}{ For Current Year Ended December 31} \\ \hline Cash flows from operating activities: & & \\ \hline & & \\ \hline Adjustments to reconcile net income to net cash provided by operations: & & \\ \hline Income statement items not affecting cash & & \\ \hline & & \\ \hline Changes in current assets and current liabilities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular}