Question: please do both if not then first question is the priority then the multiple choice one. thank you Required information Use the following information for

please do both if not then first question is the priority then the multiple choice one. thank you  please do both if not then first question is the priority
then the multiple choice one. thank you Required information Use the following
information for the Problems below. [The following information applies to the questions
displayed below.) Lansing Company's current-year income statement and selected balance sheet data

Required information Use the following information for the Problems below. [The following information applies to the questions displayed below.) 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 revenue $ 97,200 Expenses Cost of goods sold 42,000 Depreciation expense 12,000 Salaries expense 18,000 Rent expense 9,000 Insurance expense 3,800 Interest expense 3.600 Utilities expense 2,800 Net Income $ 6,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $5,600 Inventory 1.980 Accounts payable 4,400 Salaries payable 880 Utilities payable 220 Prepaid insurance 260 Prepaid rent 220 Prior Year $5,800 1.540 4,600 700 160 280 180 Problem 12-1A Indirect: Computing cash flows from operations LO P2 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 Flow from Operating Activities Indirect Method LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $5,600 Inventory 1,980 Accounts payable 4,400 Salaries payable 880 Utilities payable 220 Prepaid insurance 260 Prepaid rent 220 Prior Year $5,800 1,540 4,600 700 160 280 180 Problem 12-1A Indirect: Computing cash flows from operations LO P2 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 Activities - Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations: 0 $ 0 This window shows your responses and what was marked correct and incorrect from your previous attempt Begrov Corporation had anot decreme in cath of S10,000 for the current year. Net cach canch med hverting cars wm $52.000 and that comth used in tinanong actives was 134.000 ww amount of cash was provided (used in operating activities? Maple Choice $100.000 de So0.000 O 540.000 pode o Saojused O SCO.000 come This window shows your responses and what was marked correct and corect from your prestur atempt Begrov Corporation had anet decrease in cash of $10,000 for the current year. Net cathed in investing activities 152.000 and set cash used in the che cives we $38.000. Wat most cant weet provided used in operating activities? Miniple Choice $100,000 provided 500.000 $80.000 provided 000 10.00

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