Required information [The following information applies to the questions displayed below) Lansing Company's 2018 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2017 and 2018, follow LANSING COMPANY Income Statement for Year Ended December 31, 2018 Sales revenue $130,200 Expenses Cost of goods sold 53,00 Depreciation expense 17,500 Salaries expense 29.000 Hent expense 10.100 Insurance expense 4,900 Interest expert 4.700 Utilities expense 3,900 Net Income $9,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2018 Accounts receivable $ 0,700 Inventory 3.050 Accounts payable 5,500 Salaries payable 1.100 Utilities payable 4.40 Prepaid Insurance 370 Prepaid rent 2017 $6,000 2,090 6.000 310 270 500 290 Required: Prepare the cash flows from operating activities section only of the company's 2018 statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the cash flows from operating activities section only of the company's 2018 statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Year Ended December 31. 18 Cash flows from operating activities The cash provided by operating activities HU amework Required information [The following information applies to the questions displayed below] Lansing Company's 2018 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2017 and 2018, follow LANSING COMPANY Income Statement For Year Ended December 31, 2018 Sales revenue $130,2ee Expenses Cost of goods sold 53,000 Depreciation expense 17,500 Salaries expense 29,000 Rent expense 10, 108 Insurance expense 4,900 Interest expense 4,700 Utilities expense 3,980 Net income $ 7,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2018 Accounts receivable $ 6,700 Inventory 3,080 Accounts payable 5,500 Solaries payable 1,100 Utilities payable 440 Prepaid Insurance 370 Prepaid rent 440 2017 $8,000 2,090 5,800 810 270 500 290 23 Required