Required Information Use the following Information for the Problems below. (Algo) [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 For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income $ 103,200 44,000 13,000 20,000 9,200 4,000 3,800 3,000 $ 6,200 At December 31 LANSING COMPANY Selected Balance Sheet Accounts Accounts receivable Inventory Current Year $ 5,800 2,180 Prior Year $ 6,200 1,640 Accounts payable 4,600 5,000 Salaries payable 920 720 Utilities payable 260 180 Prepaid insurance 280 320 Prepaid rent 260 200 Problem 16-2AB (Algo) Direct: Computing cash flows from operations LO P5 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. (Amounts to be deducted should be indicated with a minus sign.) Answer is not complete. LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for salaries Cash payments for insurance Cash payments for insurance Cash payments for interest Cash payments for utilities Net cash provided by operating activities 0