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 $ 151,200 Expenses Cost of goods sold 60,000 Depreciation 21,000 expense Salaries expense 36,000 Rent expense 10,800 Insurance expense 5,600 Interest expense 5,400 Utilities expense 4,600 Net income $ 7,800 LANSING COMPANY Selected Balance Sheet Accounts Current At December 31 Prior Year Year Accounts receivable $7,400 $9,400 Inventory 3,780 2,440 Accounts payable 6,200 8,200 Salaries payable 1,240 880 Utilities payable 580 340 Prepaid insurance 440 640 Prepaid rent 580 360 Problem 12-2AB (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.) LANSING COMPANY Cash Flows from Operating Activities, Direct Method For Current Year Ended December 31 Cash flows from operating activities $ 0