PS-14: Estado de flujos de efectivo: Mtodo Directo (Statement of Cash Flows: Direct Method) (24 puntos) PS-14 Statement of Cash Flow Direct Method the following information is for Leer Company: 105.9 2. Payments of interest, 55,000 Payments to suppliers and employees, b. Depreciation expense, $22,700 $50,300 c. Receipt from sale of land, 83,100 Receipt from issuance of common stock, d. Payments of income taxes, 56,200 $11,000 c. Beginning cash balance, $16,500 I Collections from customers, 561,700 [ Decrease in receivables, 87,400 m. Pyment for purchase of investments, g. Interest and dividends collected, 56,300 $17,800 h. Payments of dividends, $5,200 n. Net income, 873,400 i. Decrease in accounts payable, 88,600 Required: Using the direct method for operating cash flows, prepare Lee's statement of cash flows. Direct Method. statement is lesh Hours P5-14: Estado de flujos de efectivo: Mtodo Directo (Statement of Cash Flows: Direct Method) (24 puntos) P5.34 Statement of Cash Flows Direct Method The following information is for Leer Company: 105.9 2. Payments of interest, $5,000 Payments to suppliers and employees b. Depreciation expense, $22,700 $50,300 c. Receipt from sale of land, $3,100 Receipt from issuance of common stock, d. Payments of income tascs, 56,200 $11,000 c. Beginning cash balance, 916500 I Collections from customers, 561,700 [ Decrease in receivables, 87,400 m. Payment for purchase of investments & Interest and dividends collected, 56,300 $17,800 h. Payments of dividends, 5,200 1. Net income, 573,400 i. Decrease in accounts payable, 58,600 Required: Using the direct method for operating cash flows, prepare Leer's statement of cash flows. Direct Method. statement is lesh Hours Operating Direct Method and Investing Financing and cash Hours