Required information The following information applies to the questions displayed below. Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue Expenses $145,200 Cost of goods sold Depreciation expense alaries expense Rent expense Insurance expense Interest expense Utilities expense 58,000 20,000 34,000 10,600 5,400 5,200 4,400 $ 7,600 Net income SING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 2016 2017 $ 7,200 9,000 2,340 7,800 860 320 600 340 3,580 6,000 1,200 540 420 540 Required Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method. Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations