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 Sales revenue $112,200 Expenses Cost of goods sold 47,000 Depreciation expense 14,500 Salaries expense 23, eee Rent expense 9,5ee Insurance expense 4,300 Interest expense 4,100 Utilities expense 3,30e Net income $ 6,500 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $ 6,100 Inventory 2,480 Accounts payable 4,900 Salaries payable 980 Utilities payable 320 Prepaid insurance 310 Prepaid rent 320 Prior Year $ 6,800 1,790 5,600 750 210 380 230 Problem 16-1A 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 ActivitiesIndirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations: 0 S 0