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. Cash 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 $279,700 12,306,800 Payments for inventory 4,307,380 Payments for wages 4,553,516 Payments for rent 1,452,202 Payments for interest 3,162,040 Payments for taxes 5,328,844 Payments for machinery Credit $ 3,261,302 1,132,226 652,260 443,045 923,010 4,590,436 Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock 4,639,664 787,635 1,021,464 443,045 Balance, December 31, current year $? 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 31 Cash flows from operating activities Cash flows from investing activities