OnlineSchool/ Work Interests Youtube/Blog SoleraBank/Car Dog O Messages for web

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OnlineSchool/ Work Interests Youtube/Blog SoleraBank/Car Dog O Messages for web PTER 12 Saved Help Save & Exit Sub Check my work [The following information applies to the questions displayed below. Lansing Company's 2017 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2016 and 2017, follow art 1 of 2 LANSING COMPANY Income Statement For Year Ended December 31, 2017 Sales revenue Expenses $118, 2? Cost of goods sold Depreciation expense Salaries expense Rent expense Insurance expense Interest expense Utilities expense 49,000 15,500 25,000 9, 700 4, 500 4,300 3, 500 $ 6,7?? oints eBook Print References Net income LANSING COMPANY Selected Balance Sheet Accounts 2017 2016 At December 31 Accounts receivable Inventory Accounts payable Salaries payable utilities payable Prepaid insurance Prepaid rent $6, 300 $7,200 2,6801,890 5,100 6, ??? 770 230 420 250 1, 020 36? 330 36? Mc Graw Hill Prey 1 2 of 2 EI Next > +4 2:13

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Lansing Company Cash Flows from Operating Activities : Indirect Method For the year ended December 31, 2017 Cash Flows from Operating Activities Net Income $ 6,700 Adjustments to reconcile net income to net cash flows from operations Depreciation expense 15,500 Accounts receivable decrease 900 Inventory increase - 790 Accounts payable decrease - 900 Salaries payable increase 250 Utilities payable increase 130 Prepaid insurance decrease 90 Prepaid rent increase - 110 15,070 Net cash provided by operating activities 21,770

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