Question: Prepare a cash flow statement using the direct method based on the following information: Cash received from customers: $150,000 Cash paid to suppliers: $80,000 Cash

Prepare a cash flow statement using the direct method based on the following information:

  • Cash received from customers: $150,000
  • Cash paid to suppliers: $80,000
  • Cash paid for operating expenses: $30,000
  • Interest received: $5,000
  • Income tax paid: $10,000

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