! Required information [The following information applies to the questions displayed below.] Lansing Company's 2018 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2017 and 2018, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2018 Sales revenue $154,200 Expenses Cost of goods sold 61,000 Depreciation expense 21,500 Salaries expense 37,000 Rent expense 10,900 Insurance expense 5,700 Interest expense 5,500 Utilities expense 4,700 Net income $ 7,900 2017 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2018 Accounts receivable $ 7,500 $9,600 Inventory 3,880 2,490 Accounts payable 6,300 8,400 Salaries payable 1,260 890 Utilities payable 600 350 Prepaid insurance 450 660 Prepaid rent 600 370 Required: Prepare the cash flows from operating activities section only of the company's 2018 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 ActivitiesDirect Method For Year Ended December 31, 2018 Net income $ 7,900 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2018 Accounts receivable $ 7,500 Inventory 3,880 Accounts payable 6,300 Salaries payable 1,260 Utilities payable 600 Prepaid insurance 450 Prepaid rent 600 2017 $ 9,600 2,490 8,400 890 350 660 370 Required: Prepare the cash flows from operating activities section only of the company's 2018 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 ActivitiesDirect Method For Year Ended December 31, 2018 Cash flows from operating activities