prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income $ 136,200 55,000 18,500 31,000 10,300 5,100 4,900 4,100 $ 7,300 LANSING COMPANY Selected Balance Sheet Accounts Current Year Prior Year At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent $ 6,900 $ 8,400 3,280 2,190 5,700 7,200 1,140 830 480 298 390 540 480 310 oblem 12-1A (Algo) Indirect: Computing cash flows from operations LO