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

Selected Balance Sheet Accounts

$\backslash$table$[[$At December $31,$Current Year,Prior Year$],[$Accounts receivable,$$7,600,$$$9,800$