Required information Use the following information for the Problems below. [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 $142,200 Expenses Cost of goods sold 57,000 Depreciation expense 19,500 Salaries expense 33,000 Rent expense 20,500 Insurance expense 5,300 Inter expense 5,100 Utilities expense 4.300 Net income $ 7,500 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $7.100 Inventory 3,480 Accounts payable 5.900 Salaries payable 1,180 Utilities payable 520 Prepaid insurance 410 Prepaid rent 520 Prior Year $8,800 2,290 7,600 BSO 310 580 330 Problem 12-1A Indirect: Computing cash flows from operations LO P2 ho Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) eBook LANSING COMPANY Cash Flows from Operating Activities--Indirect Method For Current Year Ended December 31 Cash flows from operating activities: ASK Print Adjustments to reconcile net income to net cash provided by operations