Problem $16-1$A $($Algo$)$ Indirect: Computing cash flows from operations LO P$2$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year.

Note: Amounts to be deducted should be indicated with a minus sign.

Show Transcribed TextLansing Company's current$-$year income statement and selected balance sheet data at December $31$ of the current

and prior years follow.