Wildhorse co.'s trial balance of income statement accounts only for the year ended december 31, 2020 included the following: debit credit sales revenue $287000 cost of goods sold $173000 administrative expenses 40300 loss on sale of equipment 18100 commissions to salespersons 15900 interest revenue 9800 freight-out 6000 loss from discontinued operations 23900 bad debt expense 6100 other information: wildhorse's income tax rate is 40%. finished goods inventory: january 1, 2020 $158100 december 31, 2020 139000 on wildhorse's multiple-step income statement for 2020, the discontinued operations loss is

Required information lansing company’s 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 $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)