Exercise 12-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5

Cash and cash equivalents, December 31 prior year-end	$ 42,000
Cash and cash equivalents, December 31 current year-end	118,104
Cash received as interest	4,200
Cash paid for salaries	121,800
Bonds payable retired by issuing common stock (no gain or loss on retirement)	185,000
Cash paid to retire long-term notes payable	210,000
Cash received from sale of equipment	102,900
Land purchased by issuing long-term notes payable	107,300
Cash paid for store equipment	39,900
Cash dividends paid	25,200
Cash paid for other expenses	67,200
Cash received from customers	814,800
Cash paid for inventory	423,696

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
		$0
Cash flows from investing activities
		0
Cash flows from financing activities
		0
Net increase (decrease) in cash and cash equivalents		$0
Cash and cash equivalents at prior year-end
Cash and cash equivalents at current year-end		$0
Noncash investing and financing activities