Cash and cash equivalents balance, December 31, 2016 Cash and cash equivalents balance, December 31, 2017 Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Cash received in exchange for six-month note payable Land purchased by issuing long-term note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 39,000 109,668 3,900 113,100 135,000 195,000 95,550 39,000 78,300 37,050 23,400 62,400 756,600 393,432 Use the above information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct methoa) for the year ended December 31, 2017. (Amounts to be deducted should be indicated with a minus sign.) FERRON COMPANY Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities Receipts of interest Receipts from customers Payments for salaries Cash paid for inventory Payments for other expenses Net cash provided by operating activities Cash flows from investing activities Payment for store equipment Receipt from sale of equipment Net cash provided by investing activities Cash flows from financing activities Payment to retire long-term notes payable Receipt from borrowing on six-month note Payment of cash dividends Net cash used in financing activities Net increase (decrease) in cash and cash Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year Noncash investing and financing activities