Exercise $12-21$B $($Algo$)$ Direct: Preparing statement of cash flows and supporting note LO P$5$

Cash and cash equivalents, December $31$ prior year$-$end

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 retirement$)$

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 dividends paid

Cash paid for other expenses

Cash received from customers

Cash paid for inventory

$$31,000$

$56,172$

$3,100$

$89,900$

$130,000$

$155,000$

$75,950$

$75,400$

$29,450$

$18,600$

$49,600$

$601,400$

$312,728$

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.

Note: Amounts to be deducted should be indicated with a minus sign.

$\backslash$table$[[$FERRON COMPANY,$],[$For Year Ended December $31,],[$Cash flows from operating activities,,$],[,,],[,,],[,,],[,,],[$Cash flows from investing activities,,$],[,,],[,,],[,,],[$Cash flows from financing activities,,$],[,,],[$Cash and cash equivalents at prior year$-$end,,$],[$Noncash investing and financing activities,,$],[,,],[,,]]$