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.