Required Information

Exercise $12-22$B $($Algo$)$ Direct: Preparing statement of cash flows from Cash T$-$account LO P$1,$ P$3,$ P$5$

$[$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.

Exercise $12-22$B $($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.

THOMAS CORPORATION

Statement of Cash Flows

For Year Ended December $31$