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Required information Skip to question [The following information applies to the questions displayed below.] Lansing Companys current-year income statement and selected balance sheet data at

Required information

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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 $ 112,200
Expenses
Cost of goods sold 47,000
Depreciation expense 14,500
Salaries expense 23,000
Rent expense 9,500
Insurance expense 4,300
Interest expense 4,100
Utilities expense 3,300
Net income $ 6,500
LANSING COMPANY
Selected Balance Sheet Accounts
At December 31 Current Year Prior Year
Accounts receivable $ 6,100 $ 6,800
Inventory 2,480 1,790
Accounts payable 4,900 5,600
Salaries payable 980 750
Utilities payable 320 210
Prepaid insurance 310 380
Prepaid rent 320 230

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

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