The following are various cash flows and other information

for #2431
The following are various cash flows and other information for Leer Company for 2016:a.
Payments of interest, $5,000b. Depreciation expense, $22,700c. Receipt from sale of land,
$3,100d. Payments of income taxes, $6,200e. Beginning cash balance, $16,500f. Decrease in
receivables, $7,400g. Interest and dividends collected, $6,300h. Payments of dividends,
$5,200i. Decrease in accounts payable, $8,600j. Payments to suppliers and employees,
$50,300k. Receipt from issuance of common stock, $11,000l. Collections from customers,
$61,700m. Payment for purchase of investments, $17,800n. Net income,
$73,400Required:Using the direct method for operating cash flows, prepare Leer’s 2016
statement of cash flows.View Solution:
The following are various cash flows and other information for

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