Use the following information for the Problems below.

Lansing Companys 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow.

LANSING COMPANY Income Statement For Year Ended December 31, 2017
Sales revenue	$	148,200
Expenses
Cost of goods sold		59,000
Depreciation expense		20,500
Salaries expense		35,000
Rent expense		10,700
Insurance expense		5,500
Interest expense		5,300
Utilities expense		4,500
Net income	$	7,700

LANSING COMPANY Selected Balance Sheet Accounts
At December 31	2017			2016
Accounts receivable	$	7,300		$	9,200
Inventory		3,680			2,390
Accounts payable		6,100			8,000
Salaries payable		1,220			870
Utilities payable		560			330
Prepaid insurance		430			620
Prepaid rent		560			350

Problem 16-1A Indirect: Computing cash flows from operations LO P2

Required: Prepare the cash flows from operating activities section only of the companys 2017 statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

	LANSING COMPANY Cash Flows from Operating ActivitiesIndirect Method For Year Ended December 31, 2017 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by operations: 0 $0