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. Required: Prepare a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporti to be deducted should be indicated with a minus sign.) Answer is not complete. 9 For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers s 380,000 Cash paid for interest 5,000 $ Cash paid for merchandise 85,000 $ Cash received for interest 6,000 Cash paid for salaries 90.000 OOOOO ES $ 566,000 Net cash flows from operating activities Cash flows from investing activities: Sale of investments Collection of notes receivable Purchase of equipment > OOO 30,000 50,000 160,000 240,000 Net cash flows from investing activities Cash flows from financing activities Issuance of notes payable Payment of notes payable Dividends paid to shareholders 00 100,000 25,000 20,000 Net cash flows from financing activities 145 000