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Exercise 4-13 (Algo) Statement of cash flows preparation direct method [LO4-8) The following summary transactions occurred during 2021 for Bluebonnet Bakers Collection to cart Eratos
Exercise 4-13 (Algo) Statement of cash flows preparation direct method [LO4-8) The following summary transactions occurred during 2021 for Bluebonnet Bakers Collection to cart Eratos Tele T o se puble The balance of cash and cash equivalents at the beginning of 2021 was $14,000. 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 Cashflows from e acties Cash received from customers S 370,000 Irreston receivable 7,500 Collection of receivable Purchase of equipment 67,000) Cash paid for salaries 72,000) Cash paid for merchandise (175,000 Not a flows from operating activities Cash flows from investing activities Sale of investments 22.000 Cash paid for interest (8,500) Dividens pad to shareholders 23,000 bo 7,500 Necas flows from investigacies Cash rows from financing activities Issure of notes payable Payment of roles 115.000 20.0001 anongates Necas flows from Net cash and chur Cash and Gas 14.000 ry1 December 31
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