Lansing Company€™s 2015 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2014 and 2015 follow.

Required
Prepare the cash flows from operating activities section only of the company€™s 2015 statement of cash flows using the indirect method.

LANSING COMPANY Income Statement For Year Ended December 31,2015 Sales revenue.... Expenses $97,200 LANSING COMPANY Selected Balance Sheet Accounts Cost of goods sold 42,000 At December 31 2015 2014 .. Accounes receivable .. $5,600 $5800 D Inventory...1,980 ,540 Accounts payable Salaries payable . Utilities payable .. Prepaid insurance. Prepaid rent.. Depreciation expense Rent expense. Interest expense .. 9,000 3.800 3,600 2,800 $ 6000 2 4,400 4,600 880 700 Insurancoe 220 160 260 280 220 80 Utilities expense Net income