Suppose an economy produces steel, wheat, and oil. the steel industry produces 100,000 in revenue, spends 4,000 on oil, 10,000 on wheat, pays workers 80,000. the wheat industry produces 150,000 in revenue, spends 20,000 on oil, 10,000 on steel, and pays workers 90,000. the oil industry produces 200,000 in revenue, spends 40,000 on wheat, 30,000 on steel, and pays workers 100,000. there is no government. there are neither exports nor imports, and none of the industries accumulate nor accumulate inventories. calculate gdp using the production and income methods.

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.)