Sed LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $130,200 Expenses Cost of goods sold 53,000 Depreciation expense 17,500 Salaries expense 29,000 Rent experise 10,100 Insurance expense 4,900 Interest expenso 4,700 Utilities expense 3,900 Net Income S 2,100 ook Print mrences LANSING COMPANY Selected balance Sheet Recounts At December 31 Current Year hecounts receivable $6,700 Inventory 3.080 Necounts payable 5,500 Salarios payable 1.100 Utilities payable 440 Drepaid insurance 370 Prepaid rent 440 Prior Year 90,000 2,090 6,000 010 220 500 290 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: $ 0