Accounting homework

The following summary transactions occurred during 2021 for Bluebonnet Bakers: $380,000 6,000 50,000 30,000 100,000 Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 160,000 5,000 85,000 90,000 25,000 20,000 The balance of cash and cash equivalents at the beginning of 2021 was $17,000. Answer is not complete. BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers $ 380,000 Cash paid for interest Cash paid for merchandise Cash received for interest 6,000 Cash paid for salaries $ 386,000 Net cash flows from operating activities Cash flows from investing activities: Sale of investments Collection of notes receivable Purchase of equipment >> 30.000 50,000 (85,000) (5,000) Net cash flows from investing activities Cash flows from financing activities: Issuance of notes payable Payment of notes payable Dividends paid to shareholders Issuance of notes payable Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 100,000 (25,000) (20,000) (5,000) 50,000 431,000 17,000 448,000