Use the following information for the Problems below. (Algo) [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 pnor years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income $ 151,200 60,000 21,000. 36,000 10,800 5,600 5,400 4,600 $ 7,800 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent Prior Year $ 9,400 2,440 Current Year $ 7,400 3,780 6,200 8,200 1,240 880 580 340 440 640 580 360 13 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. (Amounts to be deducted should be indicated with a minus sign.)