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Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end $ 12.ee Cash and cash equivalents, December 31 current year-end 33.744 Cash received as interest 1,200 Cash paid for salaries 34,860 Bonds payable retired by Issuing common stock (ne gain or lost on retirement) 185,00 Cash paid to retire long-term notes payable 60,000 Cash received from sale of equipment 29,400 Land purchased by issuing long-term notes payable 107,300 Cash paid for store equipment 11,400 Cash dividends paid 7,200 Cash paid for other expenses 19,200 Cash received from customers 232,000 Cash paid for inventory 121,056 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.) abbig. 19.53 FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities ed ok + nices $ 0 Cash flows from Investing activities 0 Cash flows from financing activities 0 Ded Cash flows from financing activities bok nt 0 5 0 ences Net Increase (decrease) in cash and cash equivalents Cash and cash equivalents at prior year-end Cash and cash equivalents at current year-end Noncash investing and financing activities $ 0 Exercise 16-21B (Algo) Direct: Preparing statement of cash flows and supporting note LO P5 Cash and cash equivalents, December 31 prior year-end $ 12.ee Cash and cash equivalents, December 31 current year-end 33.744 Cash received as interest 1,200 Cash paid for salaries 34,860 Bonds payable retired by Issuing common stock (ne gain or lost on retirement) 185,00 Cash paid to retire long-term notes payable 60,000 Cash received from sale of equipment 29,400 Land purchased by issuing long-term notes payable 107,300 Cash paid for store equipment 11,400 Cash dividends paid 7,200 Cash paid for other expenses 19,200 Cash received from customers 232,000 Cash paid for inventory 121,056 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.) abbig. 19.53 FERRON COMPANY Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities ed ok + nices $ 0 Cash flows from Investing activities 0 Cash flows from financing activities 0 Ded Cash flows from financing activities bok nt 0 5 0 ences Net Increase (decrease) in cash and cash equivalents Cash and cash equivalents at prior year-end Cash and cash equivalents at current year-end Noncash investing and financing activities $ 0

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