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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.

LANSING COMPANY Income Statement For Current Year Ended December 31
Sales revenue	$	133,200
Expenses
Cost of goods sold		54,000
Depreciation expense		18,000
Salaries expense		30,000
Rent expense		10,200
Insurance expense		5,000
Interest expense		4,800
Utilities expense		4,000
Net income	$	7,200

en.)

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	Current Year					Prior Year
Accounts receivable		$	6,800				$	8,200
Inventory			3,180					2,140
Accounts payable			5,600					7,000
Salaries payable			1,120					820
Utilities payable			460					280
Prepaid insurance			380					520
Prepaid rent			460					300

LANSING COMPANY
Cash Flows from Operating ActivitiesIndirect Method
For Current Year Ended December 31
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operations: