Required Information 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. LANSING COMPANY Income Statement For Current Year Ended December 31 sales revenue Expenses Cost of goods sold Depreciation expense salaries expense Rent expense Insurance expense interest expense Utilities expense Net income At December 31 Accounts receivable Inventory Accounts payable Salarics payable Utilities payable LANSING COMPANY Selected Balance Sheet Accounts Prepaid insurance Prepaid rent $ 154,200 61,000 21,500 37,000 10,900 5,700 5,500 4,708 $ 7,908 Current Year $ 7,500 3,888 G. 300 1,260 GOO 450 GOO Cash Bows from operating activities Prior Year $9,680 2,490 8,400 Problem 12-2AB (Algo) Direct: Computing cash flows from operations LO P5 LAN SING COMPANY Cash Flows from Operating Activities Direct Method For Current Year Ended December 31 $ Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year Note: Amounts to be deducted should be Indicated with a minus sign. 890 350 660 370 10

Required information Use the following information for the Problems below. (Algo) The following information opolies fo the questions disployed below] Lonsing Compony's currentyear income statement ond selected bolsnce sheet doto at December 31 of the current ond pror years follow. Problem 12.2AB (Algo) Direct: Computing cosh flows from operations LO P5 Required: Prepore the operoting octivities section of the statement of cosh flows using the ofrect method for the current yeor Note Amounts to be deducted should be indicated with a minus sign. Required information Use the following information for the Problems below. (Algo) The following information opolies fo the questions disployed below] Lonsing Compony's currentyear income statement ond selected bolsnce sheet doto at December 31 of the current ond pror years follow. Problem 12.2AB (Algo) Direct: Computing cosh flows from operations LO P5 Required: Prepore the operoting octivities section of the statement of cosh flows using the ofrect method for the current yeor Note Amounts to be deducted should be indicated with a minus sign