Cash and cash equivalents, December 31 prior yearmand Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for al Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-tam notes payable Cash received from sale of equipment Land purchased by issuing long-tam notes payable Cash paid for store equipment Cash dividends paid Cash paid for other anze Cash received from customers Cash paid for inventory $ 39,000 3,900 113,100 140,000 195,000 23,500 81,200 37,080 23,400 82,400 758,800 393,432 Use the above information about Ferran 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.) Answer is not complete. FERRON COMPANY Statement of Cach Flowc For Year Ended December 31 Cash flows from operating activities Receipts from customers $ 756,600 (113,100) Payments for salaries Payments for Inventory (393,432) Payments for other expenses (62,400) 5 187,668 Cash flows from Investing activities Receipts of Interest 3.900 Receipt from sale of equipment 95,550 Payment for store equipment (37,050) 62,400 Cash flows from financing activities Payment to retire long-term notes payable (195,000) Receipts of Interest 39,000 Payment of cash dividends (23,400) (179,400) Net Increase (decrease) in cash and cash equivalents Cash and cash equivalents at prior year-end Cash and cash equivalents at current year-end Noncash Investing and financing activities Bonds payable retired by issuing common stock Land purchased by issuing long-term notes payable $130,000 75,400 70,668 39,000 $ 109,668