Cash and cash equivalents, December 31 prior year-end $ 40,000 148,000 3,500 76,500 185,500 65,000 60,250 105,250 24,750 10,000 20,000 495,000 254,500 Cash paid for salaries Cash and cash equivalents, December 31 current year-end Cash received as interest 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 Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory m 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. Note: 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 2 -> #3 C 54 % 915 6 & 87 W e r t Y d f 80 8 h 6