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 $148, 280 Sales revenue Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 59,00 20,500 35,000 10,700 5,500 5,300 4,500 $ 7,700 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable 57.300 Inventory 3.680 Accounts payable 6.100 Salaries payable Utilities payable 1.220 560 Prepaid insurance 430 Prepaid rent 560 Prior Year $ 9,200 2,390 8,000 870 33e 620 350 Problem 12-1A Indirect: Computing cash flows from operations LO P2 Required: Prepare the operating activities section of the statement of cash flows using the Indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities --Indirect Method For Current Year Ended December 31 Cash flows from operating advies Adjustments to reconcile net income to net cash provided by operations 0 0 5