The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $480,000 Interest on notes receivable 11,000 Collection of notes receivable $3,000 Salo of investments 33,000 Issuance of notes payable 170,000 Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to ceployees Dividends to shareholders 230,000 7,000 37,000 92,000 Payment of notes payable 39,000 34,000 The balance of cash and cash equivalents at the beginning of 2021 was $25,000. Required: Prepare a statement of cash flows for 2021 for Bluebonnet Bakers. Use the direct method for reporting operating activiti to be deducted should be Indicated with a minus sign.) Answer is complete but not entirely correct. BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities Cash received from customers Cash paid for interest $ 400,000 00000 Cash paid for merchandise Cash received for interest Cash paid for salaries Nel cash flows from operating activities Cash flows from investing activities Collection of nates receivable Sale of investments Purchase of equipment Net cash flows from investing activities Cash Bows from financing activities: Issuance of noles payable Payment of notes payable Dividends paid to shareholders Net cash flows from financing activities Nel increase in cash 11,000 (230,000) (7.000) (92.000) 000 06/0 53,000 33,000 (87,000) 170.000 (3,000) (34,000) 5162,000 (1,000) 97.000 258.000 25.000- Cash and cash equivalents, January Cash and cash equivalents, December 31 $203.000