(2) Refer to the statement of cash flows for part 1 to answer the following questions a through di a. (i) Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? c. The cash proceeds are larger from: d. From borrowing activities the company has: Financing section Operating section Investing section 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 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash $ 311,600 13,710,400 Payments for inventory 4,798,640 Payments for wages 5,072,848 Payments for rent 1,617,827 Payments for interest 3,523,573 Payments for taxes 5,936, 603 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ $ 3,633, 256 1,261,357 726,651 493,574 1,028,280 5, 113, 979 5,168,821 877, 466 1, 137,963 493,574 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 received from customers Cash paid for inventory Cash flows from investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash Required information [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 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery sale Receipts from issuing stock Receipts from borrowing Cash $ 311,600 13,710,400 Payments for inventory 4,798,640 Payments for wages 5,072,848 Payments for rent 1,617,827 Payments for interest 3,523,573 Payments for taxes 5,936,603 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock $ ? $ 3,633, 256 1,261, 357 726, 651 493,574 1,028, 280 5, 113,979 5,168, 821 877, 466 1,137,963 493,574 Balance, Dec. 31, current year (2) Refer to the statement of cash flows for part 1 to answer the following questions a through d. a. () Which section shows the largest cash inflow? (ii) Which section shows the largest cash outflow? b. What is the largest individual item among the investing cash outflows? C. The cash proceeds are larger from: d. From borrowing activities the company has