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 $ 145,200 Expenses Cost of goods sold 58,000 Depreciation expense 20,000 Salaries expense 34,000 Rent expense 10,600 Insurance expense 5,400 Interest expense 5,200 Utilities expense 4,400 Net income $ 7,600 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 7,200 $ 9,000 Inventory 3,580 2,340 Accounts payable 6,000 7,800 Salaries payable 1,200 860 Utilities payable 540 320 Prepaid insurance 420 600 Prepaid rent 540 340 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 ActivitiesDirect Method For Current Year Ended December 31 Cash flows from operating activities Net income $ 0