Use the following information for the Problems below. [The following information applies to the questions displayed below.] Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue $109,200 Expenses Cost of goods sold 46,000 Depreciation expense 14,000 Salaries expense 22,000 Rent expense 9,400 Insurance expense 4,200 Interest expense 4,000 Utilities expense 3,200 Net income $ 6,400 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2017 Accounts receivable $ 6,000 Inventory 2,380 Accounts payable 4,800 Salaries payable 960 Utilities payable 300 Prepaid insurance Prepaid rent 2016 $ 6,600 1,740 5,400 740 200 300 300 220 Problem 12-2AB Direct: Computing cash flows from operations LO P5 Required: Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating ActivitiesDirect Method For Year Ended December 31, 2017 Cash flows from operating activities