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.

Cash

Balance, Dec. 31, prior year	$	134,800
Receipts from customers		5,931,200	Payments for inventory	$	1,571,768
Receipts from dividends		2,075,920	Payments for wages		545,670
Receipts from land sale		2,194,544	Payments for rent		314,354
Receipts from machinery sale		699,882	Payments for interest		213,523
Receipts from issuing stock		1,524,318	Payments for taxes		444,840
Receipts from borrowing		2,568,210	Payments for machinery		2,212,338
			Payments for stock investments		2,236,062
			Payments for note payable		379,597
			Payments for dividends		492,290
			Payments for treasury stock		213,523
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.)

(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?

(ii) 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: