The following summary transactions occurred during 2021 for Bluebonnet Bakers: $460,000 10,800 51,888 31,see 160,eee 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 220,wee 6,000 85,800 90,eee 37,000 32,000 The balance of cash and cash equivalents at the beginning of 2021 was $23.000. 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 slgn.) BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Cash received from customers $ 460.000 Cash received for interest 10.000 Cash paid for salaries (220.000) X Cash paid for salaries x (6.000) (90,000) Cash paid for salaries Net cash flows from operating activities Cash flows from investing activities: Sale of investments 31.000 Purchase of equipment (85,000) Collection of notes receivable 51.000 Xolol X S 154.000 OO (3.000) Net cash flows from investing activities Cash flows from financing activities: Issuance of notes payable Payment of notes payable Dividends paid to shareholders 000 160,000 (37,000) (32.000) Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 91.000 242.000 17.000 x 250.000 S