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Exercise 12-19B Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, Dec. 31 prior year-end Cash and cash equivalents,
Exercise 12-19B Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, Dec. 31 prior year-end Cash and cash equivalents, Dec. 31 current year-end Cash received as interest Cash paid for salaries 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 Cash received in exchange for six-month note payable Land purchased by issuing long-term note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 20,000 56,240 2,000 58,000 155,000 100,000 49,000 20,000 89,900 19,000 12,000 32,000 388,000 201,760 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current year ended December 31. (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 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $ 0 Noncash investing and financing activities
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