Prepare the cash flows from operating activities section

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Reference no: EM13572767

Lansing Company's 2013 income statement and selected balance sheet data at December 31, 2012 and 2013, follow.

LANSING COMPANY Income Statement For Year Ended December 31, 2013
Sales revenue	$	97,200
Expenses
Cost of goods sold		42,000
Depreciation expense		12,000
Salaries expense		18,000
Rent expense		9,000
Insurance expense		3,800
Interest expense		3,600
Utilities expense		2,800

Net income	$	6,000

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	2013		2012
Accounts receivable	$	5,600	$	5,800
Inventory		1,980		1,540
Accounts payable		4,400		4,600
Salaries payable		880		700
Utilities payable		220		160
Prepaid insurance		260		280
Prepaid rent		220		180

Required:

Prepare the cash flows from operating activities section only of the company's 2013 statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

Reference no: EM13572767

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