! 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 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash Credit $ 394,800 17,371,200 Payments for inventory 6,079,920 Payments for wages 6,427,344 Payments for rent 2,049,802 Payments for interest 4,464,398 Payments for taxes 7,521,730 Payments for machinery Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock $ ? 4,603,368 1,598,150 920,674 625, 363 1,302,840 6,479,458 6,548,942 1,111,757 1,441,810 625,363 Balance, December 31, current year (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 31 Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash Beginning balance of cash Ending balance of cash