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! 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
! 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. Debit Balance, December 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 Credit $ 179,300 7,889, 200 Payments for inventory 2,761, 220 Payments for wages 2,919, 004 Payments for rent 930,926 Payments for interest 2,027,524 Payments for taxes 3,416,024 Payments for machinery Payments for stock investments Payments for long-term notes payable Payments for dividends Payments for treasury stock $ 2,090,638 725, 806 418,128 284, 011 591,690 2,942,672 2,974, 228 504,909 654,804 284, 011 Balance, December 31, current year (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? a. (i) 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
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