LANSING COMPANY
Cash Flows from Operating ActivitiesIndirect Method
For Current Year Ended December 31
Cash flows from operating activities:
Net income		$6,700
Adjustments to reconcile net income to net cash provided by operations:
Income statement items not affecting cash
Depreciation expense	$15,500
Changes in current assets and current liabilities
Decrease in accounts payable	(900)
Increase in inventory	(790)
Decrease in accounts receivable	900
Increase in salaries payable	250
Increase in utilities payable	130
Decrease in prepaid insurance	90
Increase in prepaid rent	(110)
		15,070
Net cash provided by operating activities		$21,770