Refer to the situation described in E 4–13.

Required:
Prepare the statement of cash flows assuming that Bluebonnet prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements.

E 4–13.

Cash Received from: $380,000 6,000 Collections from customers Interest on notes receivable Collection of notes receivable 50,000 30,000 Sale of investments Issuance of notes payable 100,000 Cash Paid for: 160,000 Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 5,000 85,000 90,000 25,000 20,000