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[The following information applies to the questions displayed below.] Lansing Companys current-year income statement and selected balance sheet data at December 31 of the current and prior years follow.

[The following information applies to the questions displayed below.] Lansing Companys current-year income statement and selected balance sheet data at December 31 of the current and prior years follow.

LANSING COMPANY Income Statement For Current Year Ended December 31
Sales revenue	$	151,200
Expenses
Cost of goods sold		60,000
Depreciation expense		21,000
Salaries expense		36,000
Rent expense		10,800
Insurance expense		5,600
Interest expense		5,400
Utilities expense		4,600
Net income	$	7,800

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	Current Year					Prior Year
Accounts receivable		$	7,400				$	9,400
Inventory			3,780					2,440
Accounts payable			6,200					8,200
Salaries payable			1,240					880
Utilities payable			580					340
Prepaid insurance			440					640
Prepaid rent			580					360

Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	Current Year					Prior Year
Accounts receivable		$	7,400				$	9,400
Inventory			3,780					2,440
Accounts payable			6,200					8,200
Salaries payable			1,240					880
Utilities payable			580					340
Prepaid insurance			440					640
Prepaid rent			580					360

Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)