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 $115,200 Expenses Cost of goods sold 48,000 Depreciation expense 15,000 Salaries expense 24,000 Rent expense 9,680 Insurance expense 4,400 Interest expense 4,200 Utilities expense 3400 Net income $ 6,689 Current Prior Year LANSING COMPANY Selected Balance Sheet Accounts At December 31 Year Accounts reteivable $6,200 Inventory 2,580 Accounts payable 5,000 Salaries payable 1,000 Utilities payable 340 Prepaid insurance 320 Prepaid rent 340 $7,800 1,840 5,800 750 220 400 240 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 Activities Orect Method For Current Year Ended December 31 Cashows tom operating activities