Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year and Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by Issuing common stock (no gain or loss on retirenent) Cash paid to retire long term notes payable Cash received from sale of equipment Land purchased by issuing long term notes payable Cash paid for store equipment Cash dividend paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 48,000 134,976 4,800 139,200 135,000 240,000 112,600 78,300 45,600 28,300 76,100 931,200 484.224 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 Cash flows from investing activities Cash flows from financing activities Cash flows from investing activities Cash flows from financing activities 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 Cash and cash equivalents, December 31 prior year end 5.48,000 Cash and cash equivalents, December 31 current year-end 134,976 Cash received as interest 4.800 Cash paid for salaries 1.19.200 Bonds payable retired by issuing con stock (no gain or loss on retirement) 135,000 Cash paid to retire long ter notes payable 240,000 Cash received from sale of equipment 117,600 Land purchased by issuing long-ters notes payable 78,300 Cash paid for store equipment 45,600 Cosh dividends paid 28.800 Cash paid for other expenses 76,800 Cash received from customers 931,200 Cash paid for inventory 484,224 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 5 0 Cash flows from investing activities Casn Tows from operating activities S 0 Cash flows from investing activities 0 Cash flows from financing activities S 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 S 0 Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year and Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by Issuing common stock (no gain or loss on retirenent) Cash paid to retire long term notes payable Cash received from sale of equipment Land purchased by issuing long term notes payable Cash paid for store equipment Cash dividend paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 48,000 134,976 4,800 139,200 135,000 240,000 112,600 78,300 45,600 28,300 76,100 931,200 484.224 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 Cash flows from investing activities Cash flows from financing activities Cash flows from investing activities Cash flows from financing activities 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 Cash and cash equivalents, December 31 prior year end 5.48,000 Cash and cash equivalents, December 31 current year-end 134,976 Cash received as interest 4.800 Cash paid for salaries 1.19.200 Bonds payable retired by issuing con stock (no gain or loss on retirement) 135,000 Cash paid to retire long ter notes payable 240,000 Cash received from sale of equipment 117,600 Land purchased by issuing long-ters notes payable 78,300 Cash paid for store equipment 45,600 Cosh dividends paid 28.800 Cash paid for other expenses 76,800 Cash received from customers 931,200 Cash paid for inventory 484,224 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 5 0 Cash flows from investing activities Casn Tows from operating activities S 0 Cash flows from investing activities 0 Cash flows from financing activities S 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 S 0