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need some help Required Information Exercise 16-22B (Algo) Direct: Preparing statement of cash flows from Cash T-account LO P1, P3, P5 [The following information applies
need some help Required Information 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 Dobit Balance, December 31, prior year Receipts from customers Receipts from dividende Receipts from land sale Receipts from machinery sale Receipts from lasuing stock Receipts from borrowing Cash Credit $ 473,300 20,825,200 Payments for inventory 7.288,820 Payments for wages 7,705,324 Payments for rent 2,457,374 Payments for interest 5,352,076 Payments for taxes 9,017,312 Payments for machinery Payments for stock investments Payments for long-tern notes payable Payments for dividends Payments for treasury stock $ ? $ 5,518,670 1,915,918 1,103,736 749,707 1.561,890 7, 767,800 7.851.100 1,332,813 1,728, 492 749,707 Balance, December 31, current year Exercise 16-22B (Algo) Part 1 (2) Refer to the statement of cash flows for part 1 to answer the following questions a through d. a. (1) Which section shows the largest cash inflow? a. (11) 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
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