Cash and cash equivalents balance, December 31, 2016 Cash and cash equivalents balance, December 31, 2017 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 equipment Cash received in exchange for six-month note payable Land purchased by issuing long-term note payable Cash paid for store equipment Cash dividends paid Cash paid for other expenses Cash received from customers Cash paid for inventory $ 39,800 109,668 3,900 113, 120 115, eee 195,000 95,550 39,888 66,709 37,85e 23,400 62,400 756,6ee 393,432 Use the above information about the cash flows of Ferron Company to prepare a complete statement of cash flows (direct method for the year ended December 31, 2017. (Amounts to be deducted should be indicated with a minus sign.) FERRON COMPANY Statement of Cash Flows For Year Ended December 31, 2017 Cash flows from operating activities Receipts from customers 756.600 Payments for salaries (113 100) Cash paid for inventory (3934323 Payments for other expenses (62.400) 87.66 Net cash provided by operating activities Cash flows from investing activities Receipts of interest Receipt from sale of equipment Payment for store equipment 900 95.550 (37050) 62.400 Cash flows from financing activities Payment to retire long term notes payable Payment of cash dividends (195 000 (218.400) Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 39 000 Noncash investing and financing activities Bonds payable retired by issuing common stock Land purchased by issuing long-term note payable s