Question: please answer both parts to question 1 Required: repare the operating activities section of the statement of cash flows using the indirect nethod for the

please answer both parts to question 1

Required: repare the operating activities section of the statement of cash flows using the indirect nethod for the current year. (Amounts to be deducted should be indicated with a ninus sign.) Lansing Company's current-year income statement and selected balance sheet data at December 31 of the current and prior years follow. 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.)

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