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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

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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 Income Statement For Current Year Ended December 31 Sales revenue $142,200 Expenses Cost of goods sold 57,000 Depreciation expense 19,500 Salaries expense 33,000 Rent expense 10,500 Insurance expense 5,300 Interest expense 5,100 Utilities expense 4,300 Net income S7.500 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Yeaxi Accounts receivable $ 7,100 Inventory 3,480 Accounts payable 5,900 Salaries payable Utilities payable Prepaid Insurance Prepaid rent Prior Year $8,800 2,290 7,600 850 1,180 310 Pale EN 330 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 slgn.) 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

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