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 For Current Year Ended December 31 Sales revenue $145,200 Expenses Cost of goods sold 58,000 Depreciation expense 20,000 Salaries expense 34,000 Rent expense 10,600 Insurance expense 5,400 Interest expense 5,200 Utilities expense 4.400 Net income $ 7.600 Prior Year $9,000 2,340 LANSING COMPANY Selected Balance sheet Accounts At December 31 Current Year Accounts receivable $ 7,200 Inventory 3,580 Accounts payable 6,000 Salaries payable 1,200 Utilities payable 540 Prepaid Insurance 420 Prepaid rent 540 7,800 860 320 600 340 Problem 12-1A 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