[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. Balance, Dec. 31, prior year Receipts from customers $ Cash Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from, borrowing 452,400 19,905,600 Payments for inventory 6,966,960 Payments for wages 7,365,072 Payments for rent 2,348,861 Payments for interest 5,115,739 Payments for taxes 8,619,125 Payments for machinery. $ 5,274,984 1,831,315 1,054,997 716,602 1,492,920 7,424,789 Payments for stock investments. Payments for note payable Payments for dividends. Payments for treasury stock 7,504,411 1,273,958 1,652,165 716,602 Balance, Dec. 31, current year ? Exercise 16-20B Part 1 (1) Prepare a complete statement of cash flows for the current year 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 Cash flows from operating activities Cash received from customers Cash received from dividends Cash paid for inventory Cash paid for wages Cash paid for rent Cash paid for interest Cash paid for taxes Net cash provided by operating activities Cash flows from investing activities Cash paid for purchases of machinery Cash paid for purchases of stock investments Cash received from sale of land Cash received from sale of machinery Net cash used in investing activities Cash flows from financing activities Cash received from issuing stock + CAD HUSU Vury activiuS Cash paid for purchases of machinery Cash paid for purchases of stock investments Cash received from sale of land Cash received from sale of machinery Net cash used in investing activities Cash flows from financing activities Cash received from issuing stock Cash received from borrowing Cash paid for note payable Cash paid for dividends Cash paid for purchases of stock investments Net cash provided by financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash