Question: 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 Yor

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 Yor Current Year Ended December 31 Sales revenge $100,200 43,000 12,500 Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 9.100 3,900 2,900 6,100 $ Prior Year 1.590 TANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $5,700 Inventory 2,080 Accounts payable 4,500 Salaries payable Utilities payable Prepaid insurance Prepaid rent 300 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.) Part 2 of 2 LANSING COMPANY Cash Flows from Operating Activities-Direct Method For Current Year Ended December 31 points Cash flows from operating activities eBook Cash receipts from customers Cash payments to suppliers Cash payments for this Cash payments for interest niet cash provided by operating activities
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