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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.

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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 $ 239,700 Receipts from customers 10,546,800 Payments for inventory Receipts from dividends 3,691,389 Payments for wages Receipts from land sale 3,902,316 Payments for rent Receipts fron machinery sale 1,244,522 Payments for interest Receipts from 15suing stock 2,710,528 Payments for taxes Receipts from borrowing 4,566,764 Payments for machinery Payments for stock investments Payments for note payable Payments for dividends Payments for treasury stock Balance, Dec. 31, current $2,794,902 970, 306 558,989 379,685 791, 010 3,933,956 3,976,144 674,995 875,384 379,685 year Exercise 16-20B Part 2 (2) Refer to the statement of cash flows for part 1 to answer the following questions a through a 2. Which section shows the bargest cash flow? which section shows the largest cash outlow? b. What the largest individual item among the investing cash outfows? The cash proceeds are larger from d. From borrowing activities the company has

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