Lansing Company?s current-year income statement and selected balance sheet data at December 31 of the current and prior years follow.

LANSING COMPANYIncome StatementFor Current Year Ended December 31
Sales revenue	$	121,200
Expenses
Cost of goods sold		50,000
Depreciation expense		16,000
Salaries expense		26,000
Rent expense		9,800
Insurance expense		4,600
Interest expense		4,400
Utilities expense		3,600
Net income	$	6,800

LANSING COMPANYSelected Balance Sheet Accounts
At December 31	Current Year					Prior Year
Accounts receivable		$	6,400				$	7,400
Inventory			2,780					1,940
Accounts payable			5,200					6,200
Salaries payable			1,040					780
Utilities payable			380					240
Prepaid insurance			340					440
Prepaid rent			380					260

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Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the curre 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 activities: Adjustments to reconcile net income to net cash provided by operations: 5 # fif Next > Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the curre 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 activities: Adjustments to reconcile net income to net cash provided by operations: 5 # fif Next >

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