Required information Use the following information for the Problems below [The following information applies to the questions displayed 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 LANSING COMPANY Income Statement For Year Ended December 31, 2017 ales revenue $142,200 Expense:s Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 57,000 19,500 33,000 10,500 5,300 5,100 4,300 $ 7,500 Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 Accounts receivable Inventory Accounts payable Salaries payable Utilities payable Prepaid insurance Prepaid rent 2017 2016 $ 7,100 8,800 3,480 2,290 5,9007,600 850 310 580 330 1,180 520 410 520 Required Prepare the cash flows from operating activities section only of the company's 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities ndirect Method For Year Ended December 31, 2017 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations