Cash Flow Statement Preparation 
Given the following information for DEF Corporation: Cash Receipts from Customers $150,000, Cash Payments for Operating Expenses $60,000, Cash Payments for Income Taxes $20,000, and Cash Payments for Investments $30,000. Prepare a cash flow statement for DEF Corporation using the direct method.

• Cash Receipts from Customers: $150,000
• Cash Payments for Operating Expenses: ($60,000)
• Cash Payments for Income Taxes: ($20,000)
• Cash Payments for Investments: ($30,000)

Net Cash Flow from Operating Activities: $70,000