The following summary transactions occurred during 2024 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 $ 400,000 9,000 45,000 25,000 130,000 190,000 8,000 71,000 76,000 31,000 26,000 Dividends to shareholders The balance of cash and cash equivalents at the beginning of 2024 was $17,000. Required: Prepare a statement of cash flows for 2024 for Bluebonnet Bakers. Use the direct method for reporting operating activities. Note: Amounts to be deducted should be Indicated with a minus sign. BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2024 Cash flows from operating activities: Collection of notes receivable 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 casn Cash and cash equivalents January 1 Cash and cash equivalents. December 31 4