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[The following information applies to the questions displayed below]
Lansing Companys current-year inco](https://media.cheggcdn.com/study/df9/df9e19cf-f982-4237-81d2-c0230b00ebe4/image)
Required information [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. Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.)
Expert Answer
In calculating the operating activities section of the cash flows statement from indirect method, we will start with the net income. We will