[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 $ 133,200 Expenses Cost of goods sold 54,000 Depreciation expense 18,000 Salaries expense 30,000 Rent expense 10,200 Insurance expense 4,800 Utilities expense 4,000 Net income $ 7,200 5,000 Interest expense LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Prior Year Accounts receivable $ 6,800 $ 8.200 Inventory 3,180 2,140 Accounts payable 5,600 7,000 Salaries payable 1,120 820 Utilities payable 460 280 Prepaid insurance 380 520 Prepaid rent 460 300 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 lo net cash provided by operations: income statement tems not affecting cash Changes in current assets and current liabilities ME