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Required information [The following information applies to the questions displayed below) The following summarized Cash T-account reflects the total debits and total credits to the

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Required information [The following information applies to the questions displayed below) The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017, Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash S 441, 100 19,408,400 Payments for inventory 6,792,940 Payments for wages 7,181, 108 Payments for rent 2,290,191 Payments for interest 4,987,959 Payments for taxes 8,403,837 Payments for machinery Payments long-term investments Payments for note payable Payments for dividends Payments for treasury stock $ 2 $ 5,143,226 1,785,573 1,028,645 698,702 1,455,630 7,239,333 7,316,967 1,242,138 1,610,897 698,702 Balance, Dec. 31, 2017 (1) Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported 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, 2017 Cash flows from operating activities $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ Net increase (decrease) in cash Beginning balance of cash Ending balance of cash 0 $ 0

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