21. Cash Flow Statement Preparation  

Given the following cash flow information for ABC Corporation: Cash Receipts from Customers $180,000, Cash Payments for Operating Expenses $70,000, Cash Payments for Income Taxes $25,000, Cash Payments for Investments $35,000, and Cash Payments for Financing Activities $20,000. Prepare a cash flow statement for ABC Corporation in bullet points.

• Cash Receipts from Customers: $180,000
• Cash Payments for Operating Expenses: ($70,000)
• Cash Payments for Income Taxes: ($25,000)
• Cash Payments for Investments: ($35,000)
• Cash Payments for Financing Activities: ($20,000)

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Net Cash Flow from Operating Activities: $65,000