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 $124,200 Expenses Cost of goods sold 51,000 Depreciation expense 16,500 Salaries expense 27,000 Rent expense 9,900 Insurance expense 4,700 Interest expense 4,500 Utilities expense 3,700 Net income $ 6,900 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $6,500 Inventory 2,880 Accounts payable 5,300 Salaries payable 1,060 Utilities payable Prepaid insurance 350 Prepaid rent 400 Prior Year $7,600 1,990 6,400 790 250 460 270 400 Problem 12-2AB (Algo) Direct: Computing cash flows from operations LO P5 Required: Prepare the operating activities section of the statement of cash flows using the direct method for the current year. Amounts to be deducted should be indicated with a minus sign.)