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8 00 The following summary transactions occurred during 2021 for Bluebonnet Bakers: 9.09 points Collections from customers Cash Received from: Interest on notes receivable
8 00 The following summary transactions occurred during 2021 for Bluebonnet Bakers: 9.09 points Collections from customers Cash Received from: Interest on notes receivable Sale of investments $440,000 9,000 Collection of notes receivable 49,000 29,000 Issuance of notes payable 150,000 Cash Paid for: eBook Purchase of inventory 210,000 Interest on notes payable 5,000 Purchase of equipment 83,000 Salaries to employees Hint Payment of notes payable Dividends to shareholders 88,000 35,000 30,000 References The balance of cash and cash equivalents at the beginning of 2021 was $21,000. Required: Prepare a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporting operating activities. (Amounts to be deducted should be indicated with a minus sign.) o BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31
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