Required information Use the following Information for the Problems below. [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 LAUSING COMPANY Incone Statecent For Current Tear Ended December 31 Sales revenue $ 151,200 Expenses Cost of goods sold 60,000 Depreciation expense 21,000 Salaries expense 36 000 Rost expense 10, 800 Insurance expense 5,600 Interest expense 5.400 4600 Set incon $7,800 LASSING COMPANY Selected Balance sheet Accounts At December 31 Current Year Accounts receivable $ 1.400 Inventory 3,790 Accounts payable 6, 200 Salaries payable 1,240 Utilities payable 580 Prepaid insurance Prepaid rent 580 Prior Year $ 9,400 2440 200 390 340 540 360 Problem 16-1A Indirect: Computing cash flows from operations LO P2 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.) LANSING COMPANY Cash Flows from Operating Activities-Inchirect Method For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations Required information eBook LANSING COMPANY Cash Flows from Operating Activities-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 Depreciation expense Accounts payable increase Print eferences 0 S 0