20 Part 1 of 2 476 points Required information. Exercise 12-22B (Algo) Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [The following information applies to the questions displayed below] The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year Debit Balance, December 31, prior year Book Receipts from customers Receipts from dividends Beceipts from land sale 40 H Receipts from machinery sale Receipts from Issuing stock Receipts from borrowing Cash $410,200 18,048,800 Payments for inventory 6,317,080 Payments for vages 6,678,056 Payments for rent 2,129,758 Payments for interest 4.638,542 Payments for taxes 7,815,130 Payments for machinery Bec M Credit $ 4,782,932 1,660,490 956,586 649,757 1,353,660 6,732,202 Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock 6,004,398 1,155,123 1,498,050 649,757 Balance, December 31, current year 57 Exercise 12-22B (Algo) Part 1 (1) Prepare a complete statement of cash flows for the current year using the direct method. (Amounts to be deducted should be indicated with a minus sign) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 311 Cash flows from operating activities