Exercise $16-21$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

$$41,000$

$74,292$

$4,100$

$118,900$

$140,000$

$205,000$

$100,450$

$81,200$

$38,950$

$24,600$

$65,600$

$795,400$

$413,608$

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.