Question: Required Information Use the following information for the Problems below. (Algo) [The following informotion opplies to the questions disployed below.] Lansing Compony's current-yesr income stotement

Required Information Use the following information for the Problems below. (Algo)

Required Information Use the following information for the Problems below. (Algo) [The following informotion opplies to the questions disployed below.] Lansing Compony's current-yesr income stotement and selected bolonce sheet doto st December 31 of the current and prior yeors follow. Problem 16-2AB (Algo) Dlrect: Computing cash flows from operations LO P5 Required: Prepsre the opersting sctivities section of the statement of cosh flows using the direct method for the current yesr. Note: Amounts to be deducted should be Indicated with a minus sign

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