The following summary transactions occurred during 2016 for Bluebonnet Bakers:

Cash Received from:
Customers	$	380,000
Interest on note receivable		6,000
Principal on note receivable		50,000
Sale of investments		30,000
Proceeds from note payable		100,000
Cash Paid for:
Purchase of inventory		160,000
Interest on note payable		5,000
Purchase of equipment		85,000
Salaries to employees		90,000
Principal on note payable		25,000
Payment of dividends to shareholders		20,000

The balance of cash and cash equivalents at the beginning of 2016 was $17,000.

Required:

Prepare a statement of cash flows for 2016 for Bluebonnet Bakers. Use the direct method for reporting operating activities. (Amounts to be deducted should be indicated with a minus sign.)