The statement of cash flows for the year ended December 31, 2021, for Bronco Metals is presented below. BRONCO METALS Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities: Collections from customers Interest on notes receivable Dividends received from investments Purchase of inventory Payment of operating expenses Payment of interest on notes payable Net cash flows from operating activities Cash flows from investing activities: Collection of notes receivable Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Proceeds from issuance of common stock 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 $ 388,000 4,700 3,100 (193,000) (66,000) (8,700) $128,100 135,000 (224,000) (89,000) 270,000 (47,000) 223,000 262,100 28,900 $291,000