Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash received from sale of equipment Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 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 $10,000 28,120 1,000 29,000 115,000 50,000 Land purchased by issuing long-term notes payable 24,500 66,700 9,500 6,000 16,000 194,000 Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory 100,880 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 4 $ 0 Cash flows from investing activities < Prev 8 of 9 Next >