Lansing Company's currentyear income statement and selected balance sheet data at December $31$ of the current and prior years follow.

$\backslash$table$[[$UNSTWE CONPAWY$],[$Incose Statement$],[$For Current Year Ended Decenber $31],[$Sales revenue,$],[8\mathrm{.}209,200],[$Cost ef geods sold,$45,699],[$Depreciation expense,$14,808],[$Salaries expense,$22,000],[$Rent espense,$9,480],[$Insurance espense,$4,220],[$Interest expense,$4,200],[$Utilities expense,$3,200],[$Net Incote,$ $6,400]]$

$\backslash$table$[[$UNSEW CONBION$],[$Selected Balance Sheet Accounts$],[$At Decenber. $31,$Current Tear,Priser Year$],[$Acceunts receivalie,$ $6,400,$$ $6,600],[$Inventery$,2,308,1,740],[$Accounts paryable,$4,808,5,$ ates$],[$Salaries payable,$958,748],[$vititifies payable,$326,200],[$Prepaid insurance,$300,388],[$Prepaid rent,$370,320]]$

Problem $12-2$AB $($Algo$)$ Direct: Computing cash flows from operations LO P$5$Required:

Prepare the operating activities section of the statement of cash flows using the direct method for the current year. Note: Amounts to be deducted should be indicated with a minus slign.

$\backslash$table$[[$LANSING CONPANY$],[$Cash Flows from Operating Activities$-$Oirect Method$],[$Fee Current Year Ensted December $31],[$Cash flows from sperating sectivities$,,],[$Net Income,,$54\mathrm{.}400],[$Depreciation expense,,$14\mathrm{.}000],[$Decrease in accounta receivable,,$(600)],[$Increase in invertory,,$(500)],[$Decrease in accounts payable,,$(600)],[$Increase in savaries payable,,$220],[$Increase in utlilitis paryable,,$100],[$Increase in prepaid rent,,$(802)],[$Nut canh provided by coenating activities,,$ $18,800]]$