Use the following information for the Problems below. [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 $145,200 Expenses Cost of goods sold 58,000 Depreciation expense 20,000 Salaries expense 34,000 Rent expense 10,600 Insurance expense 5, 400 Interest expense 5, 200 Utilities expense 4,400 Net income $ 7,600 LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $ 7,200 Inventory 3, 580 Accounts payable 6,000 Salaries payable Utilities payable Prepaid insurance Prenaid rent Prior Year $9,000 2,340 7,800 860 320 600 340 UN 23 Problem 12-1A Indirect: Computing cash flows from operations LO P2 Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the deducted should be indicated with a minus sign.) points Skipped eBook LANSING COMPANY Cash Flows from Operating Activities-Indirect Method For Current Year Ended December 31 Cash flows from operating activities: Ask Print Adjustments to reconcile net income to net cash provided by operations: References