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 $136,200 Expenses Cost of goods sold 55,000 Depreciation expense 18,500 Salaries expense 31,000 Rent expense 10,300 Insurance expense 5,100 Interest expense Utilities expense Net income $ 7,300 4,900 4,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $6,900 Inventory 3,280 Accounts payable 5,700 Salaries payable 1,140 Utilities payable 480 Prepaid insurance 390 Prepaid rent 480 Prior Year $8,400 2,190 7,200 830 290 540 310 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: 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 $ 136,200 Expenses Cost of goods sold 55,000 Depreciation expense 18,500 Salaries expense 31,000 Rent expense 10,300 Insurance expense 5, 100 Interest expense Utilities expense Net income $ 7,300 4,900 4,100 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $6,900 Inventory 3,280 Accounts payable Salaries payable Utilities payable 480 Prepaid insurance 390 Prepaid rent 480 5,700 1, 140 Prior Year $8,400 2,190 7,200 830 290 540 310 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating ActivitiesDirect Method For Current Year Ended December 31 Cash flows from operating activities