! Required information [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 Balance, December 31, current year Cash $ 477,500 21,010,000 Payments for inventory. 7,353,500 Payments for wages 7,773,700 Payments for rent 2,479, 180 Payments for interest 5,399,570 Payments for taxes 9,097,330 Payments for machinery $ ? Credit Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock (1) Prepare a complete statement of cash flows for the current year using the direct method. Note: Amounts to be deducted should be indicated with a minus sign. $ 5,567,650 1,932,920 1,113,530 756,360 1,575,750 7,836,730 7,920,770 1,344,640 1,743,830 756,360

Required information [The following information applies to the questions displayod below] The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. (1) Prepare a complete statement of cash flows for the current year using the direct method. Note: Amounts to be deducted should be indicated with a minus sign. (1) Required information Prev 1213 of 13 Ne