The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017.

Cash

Balance, Dec. 31, 2016	$	493,500
Receipts from customers		21,714,000	Payments for inventory	$	5,754,210
Receipts from dividends		7,599,900	Payments for wages		1,997,688
Receipts from land sale		8,034,180	Payments for rent		1,150,842
Receipts from machinery sale		2,562,252	Payments for interest		781,704
Receipts from issuing stock		5,580,498	Payments for taxes		1,628,550
Receipts from borrowing		9,402,162	Payments for machinery		8,099,322
			Payments for long-term investments		8,186,178
			Payments for note payable		1,389,696
			Payments for dividends		1,802,262
			Payments for treasury stock		781,704
Balance, Dec. 31, 2017	$	?

(2) Refer to the statement of cash flows in part 1 to answer the following questions a through d:

a. (i) Which section shows the largest cash inflow?

multiple choice 1

• Financing section

• Operating section

• Investing section

(ii) Which section shows the largest cash outflow?

multiple choice 2

• Operating section

• Financing section

• Investing section

b. What is the largest individual item among the investing cash outflows?

multiple choice 3

• Purchase of investments

• Purchase on machinery

• Purshase of stock

c. The cash proceeds are larger from

multiple choice 4

• issuing notes

• issuing stock

d. From borrowing activities the company has

multiple choice 5

• a net cash inflow

• a net cash outflow

• neither of the above