The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Exercis Direct: i T-accou P1 P Thomas Corporation for calendar-year 2017 1. Use this information to prepare a complete statement of cash flows for year 2017. The cash provided of cash or used by operating activities should be reported using the direct method. 2. Refer to the statement of cash flows prepared for part I to answer the following questions a through d: (a) Which section-operating, investing, or financing-shows the largest cash (G) inflow and (i) out- flow? (b) What is the largest individual item among the investing cash outflows? (c) Are the cash proceeds larger from issuing notes or issuing stock? (d) Does the company have a net cash inflow or outflow from borrowing activities? dar-year 2018 333,000 Balance, Dec. 31, 2016 Receipts from customers 5,000,000 Payments for inventory Recelpts from dividends Receipts from land sale Receipts from machinery sale. 710,000 Payments for interest Receipts from issuing stock1,540,000 Payments for taxes Receipts from borrowing 2,590,000 550,000 320,000 218,000 450,000 2236,000 208,400 | Payments for wages 220,000 Payments for rent 3,600,000 Payments for machinery Payments for long-term investments.... 1.260,000 Payments for note payable 386,000 500,000 Payments for dividends . 218,000 for treasury stock connect