Comparative balance sheets for 2021 and 2020 and an income statement for 2021 are provided below for New England Travel. Additional information from the accounting records of New England Travel is provided. Comparative Balance Sheets December 31.2021 and 2020 ( $ in thousands) Income Statement For year ended December 31,2021 ( S in thousands) Additional information from the accounting records: a. During 2021, equipment with a cost of $900,000 (related accumulated depreciation is $810,000 ) was sold. b. The Retained Earnings account reveal a reductions of $675,000 for stock dividends. c. During 2021, land of $450,000 was purchased and a note payable of $450,000 was issued. Required: 1. Determine cash inflows/ (outflows) from operating activities using the direct method (10 points) Show workings for partial credit 4. Cash received from customers (2 points) 5 b. Cash paid to suppliers ( 4 points) $ c. Cash paid for insurance (2 points) 5 d. Cash paid for operating expenses ( 2 points) $ c. Net cash flows from operating activities $ Determine cash inflows or cash outflows (negative) from investing activities (6 points) 2. Determine cash inflows or cash outflows (negative) from financing activities (2 point