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Lansing Companys 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	$ 145,200
Expenses
Cost of goods sold	58,000
Depreciation expense	20,000
Salaries expense	34,000
Rent expense	10,600
Insurance expense	5,400
Interest expense	5,200
Utilities expense	4,400
Net income	$ 7,600

LANSING COMPANY
Selected Balance Sheet Accounts
At December 31	Current Year	Prior Year
Accounts receivable	$ 7,200	$ 9,000
Inventory	3,580	2,340
Accounts payable	6,000	7,800
Salaries payable	1,200	860
Utilities payable	540	320
Prepaid insurance	420	600
Prepaid rent	540	340

Problem 12-2AB (Algo) Direct: Computing cash flows from operations LO P5

Required:

Prepare the operating activities section of the statement of cash flows using the direct method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.