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Cash Flow Statement Preparation Given the following cash flow information for LMN Corporation: Cash Receipts from Customers $160,000, Cash Payments for Operating Expenses $80,000, Cash

  1. Cash Flow Statement Preparation  

Given the following 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 a table format.

Cash Flow CategoryAmount
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)
_________________________________________
Net Cash Flow from Operating Activities$50,000

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