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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

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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. (1) Required information LANSING COMPANY Cash Flows from Operating Actlvities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash provided by operations: Income statement items not affecting cash Depreciation expense Changes in current assets and current liabilities Decrease in accounts payable Increase in inventory Decrease in accounts receivable Decrease in prepaid insurance Required: Prepare the operating activities section of the statement of cash flows using the direct me deducted should be indicated with a minus sign.)

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