1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method. (Amounts to be deducted should be indicated with a minus sign.)

Required information The following information applies to the questions displayed below. The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017 Cash $ 441,400 Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing 19,421,600 Payments for inventory $ 5,146,724 1,786,787 1,029,345 699,178 1,456, 620 7,244,257 7,321,943 1,242,982 1,611,993 699,178 6,797,560 Payments for wages 7,185,992 Payments for rent 2,291,749 Payments for interest 4,991, 351 Payments for taxes 8,409,553 Payments for machinery Payments for long-term investments Payments for note payable Payments for dividends Payments for treasury stock Balance, Dec. 31, 2017 THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31,2017 Cash flows from operating activities 0 Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash