You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet 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:

1. Payments of interest, $5,000
2. Depreciation expense, $22,700
3. Receipt from sale of land, $3,100
4. Payments of income taxes, $6,200
5. Beginning cash balance, $16,500
6. Decrease in receivables, $7,400
7. Interest and dividends collected, $6,300
8. Payments of dividends, $5,200
9. Decrease in accounts payable, $8,600
10. Payments to suppliers and employees, $50,300
11. Receipt from issuance of common stock, $11,000
12. Collections from customers, $61,700
13. Payment for purchase of investments, $17,800
14. 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:
	$fill in the blank 2
	fill in the blank 4
		$fill in the blank 6
Cash Outflows:
	$fill in the blank 8
	fill in the blank 10
	fill in the blank 12
		fill in the blank 14
		$fill in the blank 16
Investing Activities:
	$fill in the blank 18
	fill in the blank 20
		fill in the blank 22
Financing Activities:
	$fill in the blank 24
	fill in the blank 26
		fill in the blank 28
		$fill in the blank 30
		fill in the blank 32
		$fill in the blank 34