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The following are various cash flows and other information for
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The following are various cash flows and other information for Leer Company for 2013:

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 Leer's 2013 statement of cash flows.



Statement of Cash Flow

 

Direct Method

 

Amount

 

Amount

 

Cash flow from Operating activities

 

Cash Received from customers

 

$61,700

 

Interest and dividends received

 

6,300

 

$68,000

 

Cash paid to suppliers and...

 







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