ou may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the preadsheet by clicking on the green Excel icon in the upper left hand corner of the activity. Statement of Cash Flows: Direct Method The following are various cash flows and other information of the Leer Company for 2016: a. Payments of interest, $5,000 b. Depreciation expense, $22,700 c. Receipt from sale of land, $3,100 d. Payments of income taxes, $6,200 e. Beginning cash balance, $16,500 f. Decrease in receivables, $7,400 9. Interest and dividends collected, $6,300 h. Payments of dividends, $5,200 1. Decrease in accounts payable, $8,600 1. Payments to suppliers and employees, $50,300 k. Receipt from issuance of common stock, $11,000 1. Collections from customers, $61,700 m. Payment for purchase of investments, $17,800 n. 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