The following summary transactions occurred during $2024$ for Bluebonnet Bakers:

Cash Received from:

Collections from customers $ $530,000$

Interest on notes receivable $5,500$

Collection of notes receivable $58,000$

Sale of investments $38,000$

Issuance of notes payable $195,000$

Cash Paid for:

Purchase of inventory $255,000$

Interest on notes payable $9,500$

Purchase of equipment $97,000$

Salaries to employees $102,000$

Payment of notes payable $44,000$

Dividends to shareholders $39,000$

The balance of cash and cash equivalents at the beginning of $2024$ was $$30,000.$

Required:

Prepare a statement of cash flows for $2024$ for Bluebonnet Bakers. Use the direct method for reporting operating activities.

Note: Amounts to be deducted should be indicated with a minus sign.