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 $ 142,200 Expenses Cost of goods sold 57,000 Depreciation expense 19,500 Salaries expense 33,000 Rent expense 10,500 Insurance expense 5,300 Interest expense 5,180 Utilities expense 4,300 Net income $ 7,500 LANSING COMPANY Selected Balance Sheet Accounts cember 31 Current Year Accounts receivable $ 7,100 Inventory 3,480 Accounts payable 5,900 Salaries payable 1,180 Utilities payable 520 Prenaid insurance 41A Prior Year $ 8,800 2,290 7,600 850 310 SRA BE Chec Salaries payable Utilities payable Prepaid insurance Prepaid rent 1,180 520 410 520 850 310 580 330 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.) LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 Cash flows from operating activities Cash receipts from customers S 143,900