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 Tor Current Year Ended December 31 Sales revenue $ 106,200 Expenses Coat of goods wold 45,000 Depreciation expense 13,500 Salaries expense 21,000 Rent expense 9,300 Insurance expense 4,100 Interest expense 2,900 Utilities expende 3.100 Bet Income $ 6,300 LANSING COMPANY selected Balance Sheet Accounts At December 31 Current Year Prior Yeat Accounts receivable 55.900 $6,400 Inventory 2,280 1,690 Accounts payable 4,700 5,200 Salaries payable 940 730 Utilities payable 280 390 Prepaid insurance 290 340 Prepaid rent 280 210 Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the curr deducted should be indicated with a minus sign.) 5 points LANSING COMPANY Cash Flows from Operating Activities - Indirect Method For Current Year Ended December 31 Cash flows from operating activities: eBook References Adjustments to reconcile net income to not cash provided by operations Income statement items not affecting cash Changes in current assets and current liabilities