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! 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
! 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. Balance, Dec. 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 $ 133, 100 5,856,400 Payments for inventory 2,049,740 Payments for wages 2,166,868 Payments for rent 691,055 Payments for interest 1,505,095 Payments for taxes 2,535,821 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ ? $ 1,551,946 538,789 310,389 210,830 439,230 2,184,437 2,207,863 374,810 486,081 210,830 Balance, Dec. 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 Cash received from customers Cash paid for interest Cash paid for inventory Cash paid for rent Cash paid for taxes Cash paid for wages Cash received from dividends $ Net cash provided by operating activities Cash flows from investing activities 0 Cash flows from financing activities
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