Required information The following Cash T-account shows the total debits and total credits to the Cash account of Thomas Corporation for the current year. Cash $ 333,000 $ 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 208.400 Payments for wages 220,000 Payments for rent 710,000 Payments for interest 1.540.000 Payments for taxes 3.600,000 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock 2.590.000 550.000 320,000 218,000 450,000 2.236,000 1,260,000 386,000 500,000 218.000 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 investing activities Cash flows from financing activities Net increase (decrease) in cash Beginning balance of cash Ending balance of cash (2) Refer to the statement of cash flows for part 1 to answer the following questions a through d. a. (i) Which section shows the largest cash inflow? |() 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