The following Cash T-account shows the total debits and total credits to the Cash account

The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. 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 381,600 16,790,400 Payments for inventory 5,876,640 Payments for wages 6,212,448 Payments for rent 1,981,267 Payments for interest 4,315,133 Payments for taxes 7,270, 243 Payments for machinery 4,449,456 1,544,717 889,891 604,454 1,259,280 6,262,819 6,329,981 1,074,586 1,393,603 Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock 604,454 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 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 Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash