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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 Cash
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 $ 352,000 15,488,000 Payments for inventory 5,420,800 Payments for wages 5,730,560 Payments for rent 1,827,584 Payments for interest 3,980,416 Payments for taxes 6,706,304 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ ? $ 4,104,320 1,424,896 820,864 557,568 1,161,600 5,777,024 5,838,976 991,232 1,285,504 | 557,568 Balance, Dec. 31, current year Prepare a complete statement of cash flows for the current year using the direct method. (Amounts to be tad cheuld be indicated with a minucian Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash
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