Cash and cash equivalents, Dec. 31 prior year-end Cash and cash equivalents, Dec. 31 current year-end 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 $ 22,000 61,864 2,200 63,800 110,000 110,000 53,900 22,000 63,800 20,900 13,200 35,200 426,800 221,936 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. (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 Receipts of interest Payments for salaries Payments for inventory Payments for other expenses $ $ 0 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 0 Cash flows from financing activities For Year Ended December 31 Cash flows from operating activities Receipts of interest Payments for salaries Payments 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 0 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 $ Net cash used in financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year CA $ Noncash investing and financing activities