[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 Recetats for customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts froe issuing stock Receipts from borrowing 395. Sea 13,442,880 Payments for inventory 4,784,70 Payments for wages 4,973,540 Payments for rent 1.585.156 Payments for interest 3,454,594 Payments for taxes 5.820, 386 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock 3,562, 13 1,236,664 712, 426 483,912 1,088, 158 5,013,866 5,067.634 852, 288 1,115,686 483,912 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 paid for inventory S (3.582.130) Cash paid for wages (1.236,664 Cash paid for rent L 1 2.420 (1) Prepare a complete statement of cash flows for the current year using the direct meth Indicated with a minus sign.) art 1 of 2 THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash paid for inventory S (3.582.130) Cash paid for wages (1,236,664) Cash paid for rent Sipped 712.420 (5.511.220) 4.704.700 4,073.540 1,588, 156 (5.013.888) (5,067.634) Cash paid for taxes Net cash provided by operating activities Cash flows from investing activities Cash received from dividends Cash received from sale of land Cash received from sale of machinery Cash paid for purchases of machinery Cash paid for purchases of stock investments Net cash provided by 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 treasury stock purchases Cash paid for interest | Net cash used in financing activities 1.182.896 3,454,504 5.820,386 (800,288) (1.115.686) (483,012) (483,012 6.331,182 ron rear endea December Cash flows from operating activities Cash paid for inventory $ (3,562.130) Cash paid for wages (1,236,684) Cash paid for rent (12.426) art 1 of 2 Skipped (5,511,220) 4.704.700 4,973,540 1,538,156 (5.013.856) (5,067,634) Cash paid for taxes Net cash provided by operating activities Cash flows from investing activities Cash received from dividends Cash received from sale of land Cash received from sale of machinery Cash paid for purchases of machinery Cash paid for purchases of stock investments Net cash provided by 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 treasury stock purchases Cash paid for interest Net cash used in financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash 3.454.594 5,820,388 (860.288) (1.115,686) (483,912) (483,012) 6.331,182 2.002,858 305.500 2.308 358