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 $103, 200 Expenses Cost of goods sold 44,000 Depreciation 13,000 expense Salaries expense 20,000 Rent expense 9, 200 Insurance expense 4,000 Interest expense 3,800 Utilities expense 3,000 Net income $ 6,200 LANSING COMPANY Selected Balance Sheet Accounts Current At December 31 Prior Year Year Accounts receivable $5,800 $6,200 Inventory 2,180 1,640 Accounts payable 4,600 5,000 Salaries payable 920 720 Utilities payable 260 180 Prepaid insurance 280 320 Prepaid rent 260 200 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities- Direct Method For Current Year Ended December 31 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for salaries Cash payments for rent | Cash payments for insurance Cash payments for utilities Cash payments for interest Net cash provided by operating activities $