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 $112,200 47,000 14,500 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 23,000 9,500 4,300 4,100 3,300 $ 6,500 Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable 4,900 5,600 Salaries payable Utilities payable Prepaid insurance Prepaid rent 2017 2016 $6,100 $6,800 2,480 1,790 750 210 380 230 980 320 310 320 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 Net income Adjustments to reconcile net income to net cash provided by operations: 6,500 14,500 Depreciation expense Inventory increase Accounts receivable decrease Salaries payable increase Utilities payable increase Prepaid insurance decrease Prepaid rent increase Accounts payable decrease 14,500 $21,000 Net cash provided by operating activities