Lansing Company€™s 2013 income statement and selected balance sheet data at December 31, 2012 and 2013 follow.

Required
Prepare the cash flows from operating activities section only of the company€™s 2013 statement of cash flows using the indirectmethod.

LANSING COMPANY Income Statement For Year Ended December 31,2013 LANSING COMPANY Selected Balance Sheet Accounts Sales revenue.. Expenses 2013 2012 $5,600 Cost of goods sold.42.000 At December 31 Accounts receivable .. Inventory Accounts payable. Depreciation expense Salaries expense Insurance expense .. Utilities expense. 18,000 9.000 3,800 3,600 1.980 1,540 4.400 4600 ent expense .. 880 700 220 260 280 220 80 Net income 160 Interest expense Utilites payable Prepaid insurance Prepaid rent .. 6,000