Mustang Corporation provided you with the following information for the current year.

$($Click the icon to view the statement of net income.$)($Click the icon to view the changes in balance sheet accounts.$)$

Requirement

Compute net cash flow from operating activities for Mustang Corporation under the direct reporting format. $($Use a minus sign or parentheses for any cash

outflows and$/$or net cash used by operating activities. If an input field is not used in the statement, leave the input field empty; do not select a label or enter

a zero.$)$

Mustang Corporation

Partial Statement of Cash Flows $($Direct Method$)$

For the Year Ended December $31$

Operating Activities:

Cash Collected from Customers

Cash Paid to Other Suppliers