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. Part 1 of 2 Cash 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 S 305,500 3,562,130 1,236,664 712,426 483,912 13,442,000 Payments for inventory 4,704,700 Payments for wages 4,973,540 Payments for rent Payments for interes Payments for taxes Payments for machinery $ 1,586,156 1,008,150 5,013,866 3,454,594 5,820,386 Payments for stock investments 5,067,634 860,288 Payments for note payable Payments for dividends 1,115,686 483,912 Payments for treasury stock 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 indiceted with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities L0 (1) Prepare a complete statement of cash flows for the current year using the direct method. ( indicated with a minus sign.) THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash flows from investing activities 0 Cash flows from financing activities Net increase (decrease) in cash