The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $360,000 7,000 Interest on notes receivable Collection of notes receivable 41,000 Sale of investments 21,000 110,000 Issuance of notes payable Cash Paid for: Purchase of inventory 170,000 6,000 Interest on notes payable Purchase of equipment Salaries to employees 66,000 71,000 Payment of notes payable 27,000 Dividends to shareholders 22,000 The balance of cash and cash equivalents at the beginning of 2021 was $13,000. 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.) 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.) X Answer is not complete. 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 merchandise Cash paid for salaries Net cash flows from operating activities Cash flows from investing activities: Cash paid for interest Collection of notes receivable Sale of investments Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Issuance of notes payable Cash paid for interest Payment of notes payable Dividends paid to shareholders Net cash flows from financing activities Net increase in cash Cash and cash equivalents, January 1 Cash and cash equivalents, December 31 X X $360,000 (170,000) (71,000) 7,000 X 41,000 21,000 (66,000) 110,000 (6,000) X (27,000) (22,000) $ 119,000 3,000 55,000 177,000 13,000 $ 190,000