Required information Problem $12-1$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.

$\backslash$table$[[$LANSING COMPANY,,$],[$Cor Current Year Ended December $31,,],[$Cash flows from operating activities:,,$],[,,],[$Adjustments to reconcile net income to net cash provided by operations:,,$],[$Income statement items not affecting cash,,$],[,,],[$Changes in current assets and current liabilities,,$],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]$

Use the following information for the Problems below. $($Algo$)$

$[$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.

Problem $12-1$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.