Ch 4 Homework (40 points) The following summary transactions occurred during 2021 for Bluebonnet Bakers 26 6 points Skipped Cash Received from: Collections from customers $380,000 Interest on notes receivable 6,000 Collection of notes 50,000 receivable Sale of investments 30,000 Issuance of notes payable 100,000 Cash Paid for: Purchase of inventory 160,000 Interest on notes payable 5,080 Purchase of equipment 85,000 Salaries to employees 90,000 Payment of notes payable 25,000 Dividends to shareholders 28,888 eBook Hint The balance of cash and cash equivalents at the beginning of 2021 was $17.000 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.) 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 $ 0 Net cash flows from investing activities Cash flows from financing activities: 0 Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 0 0 5 0