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The following summary transactions occurred during 2021 for Bluebonnet Bakers: $380,000 8,000 43,000 23,000 120,000 Cash Received from: Collections from customers Interest on notes receivable
The following summary transactions occurred during 2021 for Bluebonnet Bakers: $380,000 8,000 43,000 23,000 120,000 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 180,000 7,000 68,000 73,000 29,000 24,000 The balance of cash and cash equivalents at the beginning of 2021 was $15,000. 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: $ 0 Net cash flows from operating activities Cash flows from investing activities: 0 Net cash flows from investing activities Cash flows from financing activities: 0 0 Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 $ 0
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