Use the following information for the Problems below.

[The following information applies to the questions displayed below.] 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	$	157,200
Expenses
Cost of goods sold		62,000
Depreciation expense		22,000
Salaries expense		38,000
Rent expense		11,000
Insurance expense		5,800
Interest expense		5,600
Utilities expense		4,800
Net income	$	8,000

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	Current Year					Prior Year
Accounts receivable		$	7,600				$	9,800
Inventory			3,980					2,540
Accounts payable			6,400					8,600
Salaries payable			1,280					900
Utilities payable			620					360
Prepaid insurance			460					680
Prepaid rent			620					380

Problem 16-2AB 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.)