The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Cash Debit Credit Balance, December 31, prior year $ 124,000. Receipts from customers 5,456,000 Payments for inventory $ 1,445,840 Receipts from dividends Receipts from land sale Receipts from machinery sale 1,909,600 Payments for wages 2,018,720 Payments for rent 643,808 Payments for interest 501,952 289,168 196,416 Receipts from issuing stock Receipts from borrowing 1,402,192 Payments for taxes 2,362,448 Payments for machinery Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock 409,200 2,035,088 2,056,912 349,184 452,848 196,416 Balance, December 31, current year $ ? mportant Note! efore you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. ) Prepare a complete statement of cash flows for the current year using the direct method. (Amounts to be deducted should be dicated with a minus sign.)