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Cash and cash equivalents, December 3 1 prior year - end $ 2 6 , 0 0 0 Cash and cash equivalents, December 3 1

Cash and cash equivalents, December 31 prior year-end $ 26,000
Cash and cash equivalents, December 31 current year-end 47,112
Cash received as interest 2,600
Cash paid for salaries 75,400
Bonds payable retired by issuing common stock (no gain or loss on retirement)185,000
Cash paid to retire long-term notes payable 130,000
Cash received from sale of equipment 63,700
Land purchased by issuing long-term notes payable 107,300
Cash paid for store equipment 24,700
Cash dividends paid 15,600
Cash paid for other expenses 41,600
Cash received from customers 504,400
Cash paid for inventory 262,288
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. STATEMENT OF CASH FLOWS

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