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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

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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 LASSING COMPANY Income Statement For Year Ended December 31, 2011 sales revenue 143,200 Expenses Coat of yoods sold 39,000 Depreciation expense 19,500 salaries expense 33,000 Rent expense 10.500 Insurance expense 5,300 Interest expense 5.100 Llities expense 4.300 Het in 7.500 LASTNC COMPANY Selected balance sheet Recounts At December 31 2017 2016 Accounts receivable $ 7,100 $ 8,000 Inventory 3.480 2,290 hecounts payable 5.900 7.600 Salaries payable 1,180 850 ities payable 520 310 Prepaid Insurance 410 500 Prepaid rent 520 330 Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Pestrom Operating Acties vect Method For Year Ended December 31, 2017 Cash flows from operating activities Adren to reconcile nat income to net cash provided by operations 5 o

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