Lansing Companys 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	$ 127,200
Expenses
Cost of goods sold	52,000
Depreciation expense	17,000
Salaries expense	28,000
Rent expense	10,000
Insurance expense	4,800
Interest expense	4,600
Utilities expense	3,800
Net income	$ 7,000

LANSING COMPANY
Selected Balance Sheet Accounts
At December 31	Current Year	Prior Year
Accounts receivable	$ 6,600	$ 7,800
Inventory	2,980	2,040
Accounts payable	5,400	6,600
Salaries payable	1,080	800
Utilities payable	420	260
Prepaid insurance	360	480
Prepaid rent	420	280

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.)

ansing Companys 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	$ 127,200
Expenses
Cost of goods sold	52,000
Depreciation expense	17,000
Salaries expense	28,000
Rent expense	10,000
Insurance expense	4,800
Interest expense	4,600
Utilities expense	3,800
Net income	$ 7,000

LANSING COMPANY
Selected Balance Sheet Accounts
At December 31	Current Year	Prior Year
Accounts receivable	$ 6,600	$ 7,800
Inventory	2,980	2,040
Accounts payable	5,400	6,600
Salaries payable	1,080	800
Utilities payable	420	260
Prepaid insurance	360	480
Prepaid rent	420	280

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.)