Statement of Cash Flows: Direct Method

The following are various cash flows and other information of the Leer Company for 2016:

Payments of interest, $5,000

Depreciation expense, $22,700

Receipt from sale of land, $3,100

Payments of income taxes, $6,200

Beginning cash balance, $16,500

Decrease in receivables, $7,400

Interest and dividends collected, $6,300

Payments of dividends, $5,200

Decrease in accounts payable, $8,600

Payments to suppliers and employees, $50,300

Receipt from issuance of common stock, $11,000

Collections from customers, $61,700

Payment for purchase of investments, $17,800

Net income, $73,400

Required:

Using the direct method for operating cash flows, prepare the Leer Company's 2016 statement of cash flows. Use a minus sign for any negative amounts.

LEER COMPANY
Statement of Cash Flows
For Year Ended December 31, 2016
Operating Activities:
Cash Inflows:
	$
		$
Cash Outflows:
	$
		$
Investing Activities:
	$
Financing Activities:
	$
		$
		$