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 and 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 equipent Land purchased by Issuing long-tere notes payable Cash paid for store equipment Casti lividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory 12.000 33.744 1.200 34,500 185,000 50,000 29,400 107,390 11.400 7.200 19,200 232,800 121,856 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.) 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.) a FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Cash flows from operating active Cash flows from investing acts . Cath flows from financing acts 0 Cash flows from financing activities 0 Nelincrease (decrease in cash and cash equivalents Cash and cash equivalents al prior year-end Cash and cash equalents al current yearend Doncash investing and financing activities $ 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 and 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 equipent Land purchased by Issuing long-tere notes payable Cash paid for store equipment Casti lividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory 12.000 33.744 1.200 34,500 185,000 50,000 29,400 107,390 11.400 7.200 19,200 232,800 121,856 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.) 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.) a FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Cash flows from operating active Cash flows from investing acts . Cath flows from financing acts 0 Cash flows from financing activities 0 Nelincrease (decrease in cash and cash equivalents Cash and cash equivalents al prior year-end Cash and cash equalents al current yearend Doncash investing and financing activities $ 0