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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. (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. \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ THOMAS CORPORATION } \\ \hline \multicolumn{2}{|c|}{ For Year Ended December 31 } \\ \hline Cash flows from operating activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Cash flows from financing activities & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Net increase (decrease) in cash & & $ \\ \hline Beginning balance of cash & & \\ \hline Ending balance of cash & & $ \\ \hline \end{tabular}
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