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 $ 100, 200 Expenses Cost of goods sold 43,000 Depreciation expense 12,500 19,000 Salaries expense Rent expense Insurance expense 9,100 3,900 Interest expense 3,700 Utilities expense 2,900 $ 6,100 LANSING COMPANY Selected Balance Sheet Accounts Current Year $ 5,700 2,080 4,500 900 240 270 240 Net income At December 31 Accounts receivable. Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent Prior Year $ 6,000 1,590 4,800 710 170 300 190 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 to net cash provided by operations: Income statement items not affecting cash Changes in current assets and current liabilities Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 Cash flows from operating activities