Refer to the situation described in E 4-13.

Customers..................................................................................$ 380,000

Interest on note receivable....................................................................6,000

Principal on note receivable..................................................................50,000

Sale of investment............................................................................30,000

Proceeds from note payable...............................................................100,000

Cash Paid for:

Purchase of inventory.......................................................................160,000

Interest on note payable.......................................................................5,000

Purchase of equipment.......................................................................85,000

Salaries to employees...........................................................................90,000

Principal on note payable....................................................................25,000

Payment of dividends to shareholders........................................................20,000

Required:

Prepare the statement of cash flows assuming that Bluebonnet prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.