Exercise 12-17B Direct: Preparing statement of cash flows and supporting note LO P1, P3, P5

Cash and cash equivalents balance, December 31, 2016	$	39,000
Cash and cash equivalents balance, December 31, 2017		109,668
Cash received as interest		3,900
Cash paid for salaries		113,100
Bonds payable retired by issuing common stock (no gain or loss on retirement)		130,000
Cash paid to retire long-term notes payable		195,000
Cash received from sale of equipment		95,550
Cash received in exchange for six-month note payable		39,000
Land purchased by issuing long-term note payable		75,400
Cash paid for store equipment		37,050
Cash dividends paid		23,400
Cash paid for other expenses		62,400
Cash received from customers		756,600
Cash paid for inventory		393,432

Use the above information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct method) for the year ended December 31, 2017. (Amounts to be deducted should be indicated with a minus sign.)

FERRON COMPANY
Statement of Cash Flows
For Year Ended December 31, 2017
Cash flows from operating activities
Cash flows from investing activities
Cash flows from 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
Noncash investing and financing activities