19 Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 4.76 points Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Cash paid to retire long-term notes payable $ 17,000 47,804 1,700 49,300 Bonds payable retired by issuing common stock (no gain or loss on retirement) 145,000 85,000 Cash received from sale of equipment 41,650 eBook Land purchased by issuing long-term notes payable 84,100 Cash paid for store equipment Cash dividends paid 16,150 10,200 Cash paid for other expenses Hint Cash received from customers 27,200 329,800 171,496 Print References Cash paid for inventory 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 flows from operating activities Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at prior year-end Cash and cash equivalents at current year-end Noncash investing and financing activities