The following summary transactions occurred during 2011 for Bluebonnet Bakers:

The balance of cash and cash equivalents at the beginning of 2011 was $17,000.

Required:
Prepare a statement of cash flows for 2011 for Bluebonnet Bakers. Use the direct method for reporting operatingactivities.

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Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable Cash Paid for: Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of dividends to shareholders S 3,80,000 6,000 50,000 30,000 1,00,000 1.60,000 5,000 85,000 90,000 25,000 20,000