SIIVET 3 P5-16 LO 5.9 Statement of Cash Flow Direct Method The following are various cash flows and other information for Leer Company for 2016 4. Payments of interest, 55,000 I. Decrease in accounts payable, 58,600 b. Depreciation expense, $22,700 Payments to suppliers and employees, 550,300 c Receipt from sale of land, 53.100 Receipt from issuance of common stock d. Payments of income taxes, 56,200 SI1,000 c. Beginning cash balance, $16,500 Collections from customers, 561,700 Decrease in receivables, 57.400 Payment for purchase of investments, 517800 Interest and dividends collected, 56,300 Net income, $73.400 h. Payments of dividends, 55200 Required: Using the direct method for operating cash flows, prepare Let's 2016 statement of cash flows