The following is a list of items to be included in the 2010 statement of cash flows of the Estes Company:
1. Payments to suppliers, $31,500
2. Other operating receipts, $1,200
3. Payments of dividends, $4,000
4. Payments of income taxes, $5,000
5. Collections from customers, $68,400
6. Payment for purchase of equipment, $18,500
7. Payments to employees, $19,300
8. Interest and dividends collected, $7,100
9. Other operating payments, $900
10. Proceeds from issuance of bonds, $11,300
11. Payments of interest, $8,400
12. Proceeds from sale of investments, $6,000
13. Beginning cash balance, $28,400

Required
1. Prepare the statement of cash flows using the direct method for operating cash flows.
2. Under IFRS, which items may be classified differently than under U.S. GAAP?