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The following summary transactions occurred during 2021 for Bluebonnet Bakers: $530,000 5,500 58,000 38,000 195,000 Cash Received from: Collections from customers Interest on notes receivable
The following summary transactions occurred during 2021 for Bluebonnet Bakers: $530,000 5,500 58,000 38,000 195,000 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 255,000 9,500 97,000 102,000 44,000 39,000 The balance of cash and cash equivalents at the beginning of 2021 was $30,000. 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.) Cash flows from operating activities: Net cash flows from operating activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities: Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 -- -- --- -...-lezt ne-L OA
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