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The income statement and comparative balance sheets for Thomas Inc. are shown below. The statement of retained earnings (not shown) indicates that Thomas paid $168,000
The income statement and comparative balance sheets for Thomas Inc. are shown below. The statement of retained earnings (not shown) indicates that Thomas paid $168,000 in cash dividends during the year. The company uses the indirect method for preparing the statement of cash flows. Use the information provided in these financial statements to construct Thomas's statement of cash flows. Complete the statement by entering the appropriate value Note: Be sure to enter a negative sign for those values that re present a cash outflow. It is not necessary to enter a positive sign for a cash flow representing an inflow
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