Please help me to solve this problem Cash and cash equivalents, December 31 prior year-endCash and cash equivalents, December 31 current year-endCash received as interestCash paid for salariesBonds payable retired by issuing common stock (no gain or loss on retirement)Cash paid to retire long-term notes payableCash received from sale of equipmentLand purchased by issuing long-term notes payableCash paid for store equipmentCash dividends paidCash paid for other expensesCash received from customersCash paid for inventoryFERRON COMPANYStatement of Cash FlowsFor Year Ended December 31Cash flows from operating activitiesUse the above information about Ferron Company to prepare a complete statement of cash flows (direct method) for the current yearended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should beindicated with a minus sign.)Cash flows from investing activities$ 49,000137,7884,900142,100175,000245,000120,050101,500www46,55029,40078,400950,600494,312

The cash flow statement (CFS), is a financial statement that summarizes the movement of cash and…

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 i Cash paid for other expenses Cash received from customers Cash paid for inventory $ 49,000 137,788 4,900 142,100 175,000 245,000 120,050 101,500 46,550 29,400 78,400 950,600 494,312 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.)

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 i Cash paid for other expenses Cash received from customers Cash paid for inventory $ 49,000 137,788 4,900 142,100 175,000 245,000 120,050 101,500 46,550 29,400 78,400 950,600 494,312 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.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...

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(Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson Companys adjusted trial balance at the end of 2019: In addition, the following information was obtained from the companys records: Land was sold, at cost, for 1,900. Dividends of 4,000 were declared and paid. Equipment was purchased for 10,400. Common stock was issued for 9,000. Beginning cash balance was 17,000. Required: Using visual inspection and the direct method, prepare Walsons 2019 statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)