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 $ 454,600 20,002,400 Payments for inventory 7,000,840 Payments for wages 7,400,888 Payments for rent 2,360,283 Payments for interest Payments inte 5,140,617 Payments for taxes Sayments taxe 8,661,039 Payments for for machinery Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock $ ? $ 5,300,636 1,840, 221 1,060,127 720,086 11100 1,500,180 7,460,895 7,540,905 1,280, 154 1,660,199 720,086 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 received from customers Cash received from dividends Cash paid for inventory Cash paid for wages Cash paid for rent Cash paid for interest Cash paid for taxes Net cash provided by operating activities Cash flows from investing activities Cash received from sale of land Cash received from sale of machinery Cash paid for purchases of machinery Cash paid for purchases of stock investments Net cash used in investing activities Cash flows from financing activities Cash flows from financing activities Cash received from issuing stock Cash received from borrowing Cash paid for long-term notes payable Cash paid for dividends Cash paid for treasury stock purchases Net cash provided by financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash