Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Year Ended December 31, 2017 Cash flows from operating activities: Net income : $ Adjustments to reconcile net income to net cash provided by operations: 6,800 : $ 6,800 Required information Use the following information for the Problems below. [The following information applies to the questions displayed below.) Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue $121,200 Expenses Cost of goods sold 50,000 Depreciation expense 16,000 Salaries expense 26,000 Rent expense 9,800 Insurance expense 4,600 Interest expense 4,400 Utilities expense 3,600 Net income $ 6,800 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2017 Accounts receivable $ 6,400 Inventory 2,780 Accounts payable 5,200 Salaries payable 1,040 Utilities payable 380 Prepaid insurance 340 Prepaid rent 380 2016 $ 7,400 1,940 6,200 780 240 440 260