The following summary transactions occurred during 2021 for Bluebonnet Bakers: 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 $430,000 8,500 48,000 28,000 145,000 205,000 9,500 82,000 87,000 34,000 29,000 The balance of cash and cash equivalents at the beginning of 2021 was $20,000. 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.) BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 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 Cash and cash equivalents, December 31 $ 0 0 0 0 0 Cash paid for interest Cash paid for merchandise Cash paid for salaries Cash received for interest Cash received from customers Collection of notes receivable Dividends paid to shareholders Issuance of notes payable Payment of notes payable Purchase of equipment Sale of investments