Required information [The following information applies to the questions displayed below.] In this Applying Excel exercise, you will practice classifying cash flows as operating, investing, or financing. Watch the tutorial video and then complete Parts 1 and 2 to practice and apply the skills demonstrated in the video. Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments Sell patent $ 81,000 92,880. 57,240 105,840 2,160 65,880 Outflows: Purchase equipment $194,400 Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments Sell patent $ 81,000 92,880 57,240 105,840 2,160 65,880 Outflows: Purchase equipment $194,400 Purchase inventory 41,040 Purchase treasury stock 43,200 Repay notes payable. 32,400 Pay salaries Pay dividends Beginning cash 42,120 16,200 $ 57,240 Required: 1. What is the revised amount of operating, Investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance Chec 3. Which of the three types of cash flows could best be desribed as cash-basis net income? Operating O Investing O Financing 4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity? Operating activities Investing activities O Financing activities