71. Cash Flow Statement Preparation 

Given the following cash flow information for MNO Corporation: Cash Receipts from Customers $220,000, Cash Payments for Operating Expenses $100,000, Cash Payments for Income Taxes $20,000, Cash Payments for Investments $30,000, and Cash Payments for Financing Activities $15,000. Prepare a cash flow statement for MNO Corporation using the indirect method.

To prepare the cash flow statement for MNO Corporation using the indirect method, we start with net income and adjust for non-cash items and changes in operating assets and liabilities. Cash receipts from customers are added to net income, while cash payments for operating expenses, income taxes, investments, and financing activities are deducted. The resulting net cash flow from operating activities represents the company's cash generated from its core business operations.