Required information Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. [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. Cash Debit Credit Balance, December 31, prior year $ 408,300 Receipts from customers 17,965,200 Payments for inventory $ 4,760,778 Receipts from dividends 6,287,820 Payments for wages 1,652,798 Receipts from land sale 952,156 Receipts from machinery sale Receipts from issuing stock 6,647,124 Payments for rent 2,119,894 Payments for interest 646,747 4,617,056 Payments for taxes 1,347,390 Receipts from borrowing 7,778,932 Payments for machinery 6,701,020 Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock 6,772,880 1,149,773 1,491,112 646,747 Balance, December 31, current year $ ? Important Note! Before you start working on this problem, watch the Hint video. This video shows you exactly how to work this problem. (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 31 141 Dronara a comulata statement of each flour for the current vane using the direct matha Ammn n hm dedustad should kn Required information THOMAS CORPORATION Statement of Cash Flows For Year Ended December 31 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Required information Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash 1