Business, 20.06.2020 02:57, 24hudsonmoss

The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: Collections from customers $ 380,000 Interest on notes receivable 8,000 Collection of notes receivable 43,000 Sale of investments 23,000 Issuance of notes payable 120,000 Cash Paid for: Purchase of inventory 180,000 Interest on notes payable 7,000 Purchase of equipment 68,000 Salaries to employees 73,000 Payment of notes payable 29,000 Dividends to shareholders 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.)

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The following summary transactions occurred during 2021 for Bluebonnet Bakers: Cash Received from: C...