The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar-year 2017.
1. Use this information to prepare a complete statement of cash flows for year 2017. The cash provided or used by operating activities should be reported using the direct method.
2. Refer to the statement of cash flows prepared for part 1 to answer the following questions a through d:
(a) Which section-operating, investing, or financing-shows the largest cash (i) inflow and (ii) outflow?
(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?

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Elo Edt Mantain Tasks Anayss Options ports Window Holp Balance, Dec. 31, 2016 Receipts from customers Receipts from dividends Receipts from land sale Receipts from machinery Receipts from issuing stock Receipts from borrowing0,000 Payments for machiner2 333,000 5,000,000 Payments for inventory 2,590,000 550,000 320,000 218,000 450,000 208,400 Payments for wages 220,000 Payments for rent sale...710,000 Payments for interest 1,540,000 Payments for taxes s for long-ter236,000 1260,000 386,000 Payments for long-term investments.. Payments for note payable Payments for dividends Payments for treasury stock 500,000 218,000 Balance, Dec. 31, 2017