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Required Information Use the following information for the Problems below. (Algo) [The following informotion opplies to the questions disployed below.] Lonsing Compony's current-year income stotement

image text in transcribedimage text in transcribed Required Information Use the following information for the Problems below. (Algo) [The following informotion opplies to the questions disployed below.] Lonsing Compony's current-year income stotement and selected balonce sheet dats at December 31 of the current ond prior yesrs follow. Problem 16-1A (Algo) Indlrect: Computing cash flows from operations LO P2 Required: Prepsre the operating activities section of the statement of cash flows using the indirect method for the current year. Note: Amounts to be deducted should be Indicated with a minus sign. Required Information Use the following information for the Problems below. (Algo) [The following informotion opplies to the questions disployed below] Lansing Compony's current-year income stotement and selected balonce sheet dato at December 31 of the current ond prior yeors follow. Problem 16-2AB (Algo) Dlrect: Computing cash flows from operations LO P5 Required: Prepore the opersting sctivities section of the statement of cosh flows using the direct methodfor the current yesr. Note: Amounts to be deducted should be Indicated with a mInus sign

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