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need help answering Required information [T he foiiowing information applies to the questions displayed below] The following summarized Cash Taccount reflects the total debits and

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Required information [T he foiiowing information applies to the questions displayed below] The following summarized Cash Taccount reflects the total debits and total credits to the Cash account ofThomas Corporation for calendaryear 2017. cash Balance, Dec. 31, 2016 $ 333,000 Receipts from customers 5,000,000 Payments for inventory $ 2,590,000 Receipts from dividends 208,400 Payments for wages 550,000 Receipts from land sale 220,000 Payments for rent 320,000 Receipts from machinery sale 710,000 Payments for interest 218,000 Receipts from issuing stock 1,540,000 Payments for taxes 450,000 Receipts from borrowing 3,600,000 Payments for machinery 2,236,000 Payments for long-term investments 1,250,000 Payments for note payable 306,000 Payments for dividends 500,000 Payments for treasury stock 218,000 Balance, Dec. 31, 2017 $ ? [1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should he reported using the direct method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Cash flows from investing activities Cash flows from financing activitiesNet increase (decrease) in cash Beginning balance of cash Ending balance of cash

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