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  3. the following summary transactions occurred during 2018 for bluebonnet bakers...

Question: the following summary transactions occurred during 2018 for bluebonnet bakers...

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The following summary transactions occurred during 2018 for Bluebonnet Bakers: Cash Received from: Customers Interest on note receivable Principal on note receivable Sale of investments Proceeds from note payable $540,000 11,000 50,000 39,000 200,000 Cash Paid fors Purchase of inventory Interest on note payable Purchase of equipment Salaries to employees Principal on note payable Payment of dividends to shareholders 260,000 6,000 98,000 103,000 45,000 40,000 The balance of cash and cash equivalents at the beginning of 2018 was $31,000 Required Prepare a statement of cash flows for 2018 for Bluebonnet Bakers. Use the direct method for reporting operating activities. (Amounts to be deducted should be indicated with a minus sign.)
BLUEBONNET BAKERS Statement of Cash Flows For the Year Ended December 31, 2018
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