The following summary transactions occurred during 2021 for Bluebonnet Bakers: $400,000 9,000 45,000 25,000 130,000 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 payable Dividends to shareholders 190,000 8,000 71,000 76,000 31,000 26,000 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 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: Cash received from customers Cash received for interest Collection of notes receivable Sale of investments $ 0 Net cash flows from operating activities Cash flows from investing activities: Collection of notes receivable Sale of investments Purchase of equipment 0 Net cash flows from investing activities Cash flows from financing activities: Payment of notes payable 0 0 Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 $ ol