Use the following information for the Problems below. $($Algo$)$

$[$The following informution 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.

$\backslash$table$[[$LASTWE CONPMV$],[$Incone Statessent$],[$For Current Year Ended Dectenber $31],[$Sales revenut,$ $105,200],[,],[$Cost of posts sold,$46,6$ee$],[$Sepreciation espense,$14,8$eve$],[$Sataries expense,$22,$ ese$],[$Rent expesse,$9,589],[$Tasurasice expenst,$4,200],[$Luterest expense,$4,808],[$UTilisties espense,$3,744],[$lint insome,$15,480]]$

$\backslash$table$[[$UENDNS CENHMV$],[$Selected falance Sheet Accounts$],[$At Decenber $31,$Current Year,Prier near$],[$Accuusts recelivable,$ $4,6$ee$,$is $6,6$ev$],[$Enventery$,2,350,1,7$ee$],[$Repounts payable,${?}^{4}4\mathrm{.}580,5,4$ee$],[$Salaries payable,$950,348],[$Utilities payable,$3$ be$,289],[$Prepaid insurance,$3$tt$,968],[$Prepaid rent,$300,220]]$Use the following information for the Problems below. $($Algol$)$

$[$The following information applies to the questions displeyed below$]$

Lansing Company's current$-$year income statement and selected balance sheet data at December $31$ of the current and prior years follow.

$\backslash$table$[[$UNSTWE COMPHYY Income Statement$],[$Sales fevenue,$ $109,200],[$Expenses$,],[$Cost of geods sold,$05,$ Bee$],[$Depreciation expense,$14,800],[$Salaries expense,$22,$ BBE$],[$Rent expense,$9,480],[$Insurance expense,$4,200],[$Interest expense,$4,880],[$utalities expense,$3,200],[$Net incone,$54\mathrm{.}480]]$

$\backslash$table$[[$LAWSTWE CONPMET$],[$Selected Balance Sheet Accounta$],[\backslash$table$[[$At Decenber $31],[$Current Year$],[$Prier Year$]]],[$Accounts receivable,$56,000,$$ $6,6$ee$],[$Inventary$,2,398,1,748],[$Accounts parable,$4,508,5,480],[$Salaries payable,$958,740],[$Utilities payable,$390,280],[$Prepais insurance,$398,30],[$Prepaid rent,$390,220]]$Problem $12-1$A $($Algo$)$ Indirect: Computing cash flows from operations LO P$2$

Required:

Prepare the operating activities section of the statement of cash flows using the indirect method for the current year Note: Amounts to be deducted should be indicated with a minus sign.

Answer is cemplete but not entirely correct.

$\backslash$table$[[$LANSIND CONUMY$],[$Cons Flees from Operating Activities$-$Indinet Method$],[$For Current Yeve Ended Decenter $31],[$Cauch flows from sperating setivities:$],[$Net income,$0,,3,0\mathrm{.}400],[$eperifions:$,,,,],[,,,,],[$Depreciation supense,$0,14\mathrm{.}000,,],[$Charges in eurrent assubs ans current libillites,,,,$],[$Devrease in accounts receivable,$0,(5008),0,],[$Incresse in invertary,$0,4000,,],[$Increase in aceounts payable,$0,0,,],[$Increase in salaries payable,$0,(0\mathrm{.}44)0,,],[,,,,]]$