Use the following information for the Problems below. [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 $130,200 Expenses Cost of goods sold 53,000 Depreciation expense 17,500 Salaries expense 29,000 Rent expense 10,100 Insurance expense 4,900 Interest expense 4,700 Utilities expense 3.900 Net income $ 7,100 LANSING COMPANY LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $ 6,700 Inventory 3,080 Accounts payable 5,500 Salaries payable 1,100 Utilities payable 440 Prepaid Insurance 370 Prepaid rent 440 Prior Year $8,000 2,090 6,880 818 270 500 290 Problem 12-2AB Direct: Computing cash flows from operations LO PS 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 LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 Cash flows from operating activities