Cash and cash equivalents, December 31 prior year-end	$ 50,000
Cash and cash equivalents, December 31 current year-end	140,600
Cash received as interest	5,000
Cash paid for salaries	145,000
Bonds payable retired by issuing common stock (no gain or loss on retirement)	185,000
Cash paid to retire long-term notes payable	250,000
Cash received from sale of equipment	122,500
Land purchased by issuing long-term notes payable	107,300
Cash paid for store equipment	47,500
Cash dividends paid	30,000
Cash paid for other expenses	80,000
Cash received from customers	970,000
Cash paid for inventory	504,400

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.)