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 Incone Statement For Current Year Ended December 31 Sales revenue $106,200 Expenses Cost of goods sold 45,000 Depreciation expense 13,500 Salaries expense 21,000 Rent expense 9,300 Insurance expense 4,188 Interest expense 3,900 Utilities expense 3,100 Net incone $ 6,300 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $5,900 Inventory 2,280 Accounts payable 4,700 Salaries payable 940 Utilities payable 280 Prepaid insurance 290 Prepaid rent 280 Prior Year $6,400 1,690 5,200 730 190 340 210 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 sign.) Required: Prepare the operating activities section of the statement of cash flows using the Indirect method for the curbent year. (Amounts to be deducted should be indicated with a minus sign.) 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 not cash provided by operations 0 $ 0 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