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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 Cash
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 Part 2 of 2 $ 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 $ 305,5ee 13,442, eee Payments for inventory 4,704, 7ee Payments for wages 4,973,540 Payments for rent 1,586,156 Payments for interest 3,454,594 Payments for taxes 5,520, 386 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock SA? 3,562,138 1,236,664 712,426 483,912 1, ees, 15e 5,213,866 5,867,634 86,288 1,115,686 483,912 Balance, Dec. 31, current year (2) Refer to the statement of cash flows for part 1 to answer the following questions a through c. a. Which section shows the largest cash inflow? m) 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 Operating section Anvesting section Purchase of investments issuing stock a net cash inflow
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