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 LANSING COMPANY Income Statement Por Current Year Ended December 31 Sales revenue $136,200 Expenses Cost of goods sold 55,000 Depreciation 18,500 expense Salaries expense 31,000 Rent expense 10.300 Insurance expense 5. 100 Interest expense Utilities expense 4,100 Net income $ 2.300 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Prior Year Accounts receivable $6,900 $8,400 Inventory 3,280 2,190 Accounts payable 5,700 7,200 Salaries payable 1,140 830 Utilities payable 480 290 Prepaid insurance 540 Prepaid rent 480 310 390 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-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations