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Problem 16-1A Indirect: Computing cash flows from operations LO P2 Lansing Company's 2015 income statement and selected balance sheet data (lor current assets and current
Problem 16-1A Indirect: Computing cash flows from operations LO P2 Lansing Company's 2015 income statement and selected balance sheet data (lor current assets and current liabilkies) at December 31, 2014 and 2015, follow MPANY Income Statement For Year Ended December 31 2015 Sales revenue Expenses $97.200 Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance experise Interest expense Lailities expense 42,000 12,000 18,000 9,000 3,800 3,600 2800 Netinicome s 5,000
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