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The following summary transactions occurred during 2011 for

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The following summary transactions occurred during 2011 for Bluebonnet Bakers:
Cash Received from:
Customers $380,000
Interest on note receivable 6,000
Principal on note receivable 30,000
Sale of investments 50,000
Proceeds from note payable 100,000
Cash Paid for:
Purchase of inventory 160,000
Interest on note payable 5,000
Purchase of equipment 85,000
Salaries to employees 90,000
Principal on notes payable 25,000
Payment of dividends to shareholders 20,000

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

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








BLUEBONNET BAKERS
Statement of Cash Flows
For the Month of January


Cash flows from Operating Activities
Cash inflows:
From Customers $380,000
Interest on notes receivable 6,000
Principal on note receivable 30,000
Sale of investments 50,000
Proceeds from note payable 100,000
Cash flow at beginning of 2011 ( 17,000)
Cash outflows:
Purchase of inventory (160,000)
Interest on notes payable (5,000)
Salaries to employees (90,000)
Principal on notes payable (25,000)
Net cash flows from operating activities $269,000
Cash Flows from investing Activities
Purchase of equipment (85,000)
Cash Flows from Financing Activities
Payment of dividends to shareholders (20,000)
Net cash flows from operating activities 164,000
Cash Flows from Operating Activities:
Cash received from customers $380,000
Cash paid for general administrative expenses (269,000)
Net cash flows from operating activities $111,000
Please help me to organize the report
Have a nice day

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