Exercise 16-22B (Algo) Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [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. Debit Balance, December 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 Credit $ 147,200 6, 476, 800 Payments for inventory) 2,266, 880 Payments for wages 2, 396, 416 Payments for rent $ 1,716, 352 595, 866 343,270 764, 262 Payments for interest 1. 664, 538 Payments for taxes 2,804, 454 Payments for machinery Payments for stock investments Paynehts for long term notes payable Payments for dividends 233, 165 485, 760 2,415, 846 2,441,754 414,515 537,574 Payments for treasury stock. 233, 165 Balance, December 31, current year $? Exercise 16-22B (Algo) Part 1 1) Prepare a complete statement of cash flows for the current year using the direct method. Note: Amounts to be deducted should be indicated with a minus sign.