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Refer to the financial statements of The Home Depot in Appendix A. (Note: Fiscal 2016 for The Home Depot runs from February 1 2016 to January 29, 2017 As with many retail companies, The Home Depot labels the period "Fiscal 2016 even though it ends in the 2017 calendar year . The label "Fiscal 2016* is appropriate because Fiscal 2016 includes 11 months from the 2016 calendar year. The Home Depot explains its choice of fiscal period in Note 1 to its financial statements.) Required: 1. Which of the two base reporting approaches for the cash flows from operating activities did The Home Depot use? Indirect Direct 2. What amount of income tax payments did The Home Depot make during the year ended January 29, 2017 $4,623 million 5639 million O $3,082 million $12 million 3. In the fiscal year ended January 29, 2017. The Home Depot generated $9,783 million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows. Cash Dividends ($3,404 million) and Share Repurchase ($6,880 million) O Long-Term Debt Repayments ($3,045 million) and Share Repurchase ($6,880 million) * Share Repurchase ($6,880 million) and Capital Expenditures ($1,621 million) Share Repurchase ($7,000 million) and Cash Dividends ($3,404 million) Which of the following would be included in cash flows from operating activities? Multiple Choice Cash received from customers Onth received from an issue of bon Cash dividend paid to doctor Cash used for purchases of equipment Save Which of the following would be classified as an investing activity on the statement of cash tous! Multiple Choice Cash received from sale of land Cash paid for best Cash received from stock Cash Nieds paid Repayments of loans will be reported as a: Multiple Choice cash outflow under financing activities cash inflow under financing activities cash outflow under investing activities cash inflow under investing activities