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Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be Net income
Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be Net income Net loss Decrease in accounts payable Decrease in accounts receivable Decrease in inventory Decrease in prepaid insurance Decrease in salaries payable Decrease in utilities payable Depreciation expense Increase in accounts payable Increase in accounts receivable Increase in inventory Increase in prepaid insurance Increase in prepaid rent Increase in salaries payable Increase in utilities payable Net cash provided by financing activities Net cash provided by investing activities Net cash provided by operating activities Net cash used by financing activities Net cash used by investing activities Nat rach weat hw nnaratinn activitioe 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. Problem 12-1A (Algo) 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.)
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