Exercise 12-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end $ 23,000 Cash and cash equivalents, December 31 current year-end 64,676 Cash received as interest 2,300 Cash paid for salaries 66,700 Bonds payable retired by issuing common stock (no gain or loss on retirement) 165,000 Cash paid to retire long-term notes payable 115,000 Cash received from sale of equipment 56,350 Land purchased by issuing long-term notes payable 95,700 Cash paid for store equipment 21,850 Cash dividends paid 13,800 Cash paid for other expenses 36,800 Cash received from customers 446,200 Cash paid for inventory 232,024 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.) 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 prior year-end Cash and cash equivalents at current year-end Noncash investing and financing activities $ 0