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 $ 139,200 Expenses Cont of goods sold 56,000 Depreciation expense 19.000 Salarien expense 32,000 Rent expense 10.400 Insurance expense 5,200 Interest expense 5,000 Utilitle expense 4,200 Net Leon 2.400 LANSING COMPANY Belected Balance Sheet Account At December 31 Current Year Prior Year Accounts receivable 7.000 S8600 Inventory 3.380 27240 Accounts payable 5,800 7.400 Salaries payable 160 840 Utilities payable 500 300 Prepaid insurance 560 Prepaid rent 500 320 400 Problem 16-2AB (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.) LANSING COMPANY Cash Flown from Operating Activities Direct Mothod For Current Year Ended December 31 Cash flows from operating activities Cash receipts from customers Cash payments to suppliers Cash payments for salaries Cash payments for rent Cash payments for interest Cash payments for insurance Cash payments for utilities Net cash provided by operating activities 0