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 information is for Leer Company: 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 g. Interest and dividends collected, $6,300 h. Payments of dividends, $5,200 i. Decrease in accounts payable, $8,600 j. Payments to suppliers and employees, $50,300 k. Receipt from issuance of common stock, $11,000 I. 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 Leer's statement of cash flows. For those boxes in which you must enter subtractive or negative numbers use a minus sign. LEER COMPANY Statement of Cash Flows For Year Ended December 31, 2019 till negative numbers use a minus sign. LEER COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Operating Activities: Cash Inflows: Cash Outflows: DO Investing Activities: Cash Outflows: Investing Activities: o Financing Activities: 1000