Help Save & Exit Submit Check my work 2 04021 Exercise 12-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end Cash received as interest Cash and cash equivalents, December 31 current year-end Cash paid for salaries Cash paid to retire long-term notes payable Land purchased by issuing long-term notes payable $ 26,000 73,112 2,600 25,400 Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash received from sale of equipment Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers rences Cash paid for inventory 125,000 130,000 63-700 72.500 41,600 504,400 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 < Prev 22 of 22 Neal