! Required information Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue $ 109, 200 Expenses Cost of goods sold 46,000 Depreciation expense Salaries expense 14,000 22,000 Rent expense 9,400 Insurance expense 4,200 Interest expense 4,00e Utilities expense 3,200 Net income $ 6,400 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 2017 2016 6,000 2,380 4,800 6,600 1,740 5,400 960 740 300 200 300 360 300 220 Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31, 2017 Cash flows from operating activities Dro. Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign.) LAN SING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31, 2017 Cash flows from operating activities Cash payments for insurance Cash payments for interest Cash payments for rent Cash payments for salaries Cash payments for utilities Cash payments to suppliers Cash receipts from customers 109,800 Net cash provided by operating activities 109,800