15. Cash Flow Statement Preparation

Consider the cash flow information for LMN Corporation: Cash Receipts from Customers $160,000, Cash Payments for Operating Expenses $80,000, Cash Payments for Income Taxes $20,000, Cash Payments for Investments $30,000, and Cash Payments for Financing Activities $10,000. Prepare a cash flow statement for LMN Corporation in bullet points.

• Cash Receipts from Customers: $160,000
• Cash Payments for Operating Expenses: ($80,000)
• Cash Payments for Income Taxes: ($20,000)
• Cash Payments for Investments: ($30,000)
• Cash Payments for Financing Activities: ($10,000)

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Net Cash Flow from Operating Activities: $60,000