Required information The following information applies to the questions displayed below Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Incone Statenent For Current Year Ended becerber 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense $148, 200 S0, 000 20, 588 35, 00 10, 700 5,500 5,300 Interest expense Utilities expense 4,500 $ 7,70 Net incone LANSING COMPANY Selected Balance Sheet Account s Current Year $7,300 Prior Year At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payables Prepaid insurance Prepaid rent $9, 200 2,399 3, 680 6.180 1,220 560 338 628 430 350 560 Required: Prepare the operatingactivities section of the statement of cash flows using the indvect method for the current year, (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations