Required information Exercise 16-22B (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 froe machinery sale Receipts from issuing stock Receipts from borrodnu Cash credit $185,100 3,144,400 Payments for inventory 2,450,540 Payments for wages 3,013,428 Payments for rent 963,039 Payments for interest 2,093,111 Payments for taxes 3,526,525 Payments for sachinery Payments for stock investments Payments for long term notes payable Payments for dividends Payments for treasury stock 52 5.2.158.24 749.205 431,653 23,190 610,830 3,07,061 3,070, 439 521.242 575,385 293,199 Balance, December 31, current year Exercise 16-22B (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 Cash flows from investing activities u 0 Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash Beginning balance of cash Ending balance of cash $ $