Required information Use the following information for the Problems below. Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow. 157,200 LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue $ Expenses Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense Net income 62,000 22,000 38,000 11,000 5,800 5,600 6.800 8,000 LANSING COMPANY Selected Balance Sheet Accounts At December 31 2017 2016 Accounts receivable $ 2,600 $ 9,800 Inventory 3,980 2,540 Accounts payable 6,400 8,600 Salaries payable 1,280 900 Utilities payable 620 360 Prepaid insurance 460 680 Prepaid rent 620 380 Problem 16-1A Indirect: Computing cash flows from operations LO P2 Required: Prepare the cash flows from operating activitles section only of the company's 2017 statement of cash flows using the indirect methods (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations