Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2019 for The Home Depot runs from February 4, 2019 , to February 2, 2020. As with many retail companies, The Home Depot labels the period "Fiscal 2019" even though it ends in the 2020 calendar year. The label "Fiscal 2019" is appropriate because Fiscal 2019 includes 11 months from the 2019 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use? Direct Indirect 2. What amount of income tax payments did The Home Depot make during the year ended February 2, 2020? $44 million $55 million $3,220 million $3,473 million 3. In the fiscal year ended February 2, 2020, The Home Depot generated $13,723 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows. Share Repurchase ( $6,965 million) and Cash Dividends ($5,958 million) Share Repurchase ( $6,965 million) and Capital Expenditures ($2,678 million) Long-Term Debt Repayments (\$1,070 million) and Share Repurchase (\$6,965 million) Net Earnings (\$11,242 million) and Share Repurchase (\$6,965 million)