Required information [The following information applies to the questions displayed below.] Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue $112,200 Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 47,000 14,500 23,000 9,500 4,300 4,100 3,300 $ 6,500 Net income LANSING COMPANY Selected Balance Sheet Accounts 2017 At December 31 2016 $6,100 $6,800 2,480 1,790 4,9005,600 750 210 380 230 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 980 320 310 320 Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method (Amounts to be deducted should be indicated with a LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31,2017 Cash flows from operating activities Net income Depreciation expense Decrease in accounts receivable Increase in salaries payable Increase in utilities payable Decrease in prepaid insurance