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[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

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[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 Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash 108.600 4,775,400 Payments for inventory 1,672,440 Payments for wages 1,768,008 Payments for rent 563,851 Payments for interest 1,221,049 Payments for taxes 2,069,047 Payments for machinery Payments for stock investments Payments for note payable Payments for dividendo Payments for treasury stock $ 1,266,276 439,613 253,255 122,022 358,350 1,782,34) 1,801,457 305,318 396,607 172,022 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 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 ! Required information $ 0 Cash flows from investing activities 0 Cash flows from financing activities 0 $ 0 Net increase (decrease) in cash Beginning balance of cash Ending balance of cash $ 0

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