Exercise 12-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5

Cash and cash equivalents, December 31 prior year-end	$ 22,000
Cash and cash equivalents, December 31 current year-end	61,864
Cash received as interest	2,200
Cash paid for salaries	63,800
Bonds payable retired by issuing common stock (no gain or loss on retirement)	160,000
Cash paid to retire long-term notes payable	110,000
Cash received from sale of equipment	53,900
Land purchased by issuing long-term notes payable	92,800
Cash paid for store equipment	20,900
Cash dividends paid	13,200
Cash paid for other expenses	35,200
Cash received from customers	426,800
Cash paid for inventory	221,936

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.)