19 Exercise 12-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 476 points Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest $ 36,000 101,232 3,600 104,400 Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) 180,000 180,000 Cash paid to retire long-term notes payable Cash received from sale of equipment eBook Land purchased by issuing long-term notes payable/ Cash paid for store equipment Cash paid for other expenses Hint Print References Cash dividends paid Cash received from customers Cash paid for inventory 88,200 104,400 34,200 21,600 57,600 698,400 363,168 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign.) FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Cash Bows from operating activities Cash flows from investing activites Cash flows from financing activities